Q. Which of the following is/are the impacts of Depreciation of Indian Rupee?
1.Current Account Deficit will widen.
2.Corporate profit margin may increase.
3.Reduction in foreign trips by Individuals.
Select the correct answer from the codes given below.

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

With depreciation, imports become more expensive and exporters earn more money. This will result in the following impacts,

 

Source: The Hindu