Q. “When exchange rate of a domestic currency is cut down by its government against any foreign currency” is related to which of the following?

[A] Revaluation

[B] Devaluation

[C] Appreciation

[D] Depreciation

Answer: B
Notes:

Explanation: In the foreign exchange market when exchange rate of a domestic currency is cut down by its government against any foreign currency, it is called devaluation.

Source: TMH Ramesh Singh