The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was adopted by the British Government for which one of the following reasons?
The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was adopted by the British Government for which one of the following reasons?
- AAiding the flow of remittances from India and maintaining India's creditworthiness
- BProviding support to Indian importers
- CEncouraging export of cotton produce from India
- DPreventing depreciation of the Rupee in terms of gold
Answer and explanation
Correct answer: A