Direction for questions 1 to 4:

If the value of the rupee against the pound is expected to decline by 10 percent in 2017, then what would be the value of £1(in rupees) in 2017?

Option 1 - <p>Rs. 46.6</p>
Option 2 - <p>Rs. 40.2</p>
Option 3 - <p>Rs. 38.5</p>
Option 4 - <p>Rs. 37.8</p>
1 Views|Posted 6 months ago
Asked by Shiksha User
1 Answer
V
6 months ago
Correct Option - 1
Detailed Solution:

(a) In 2016, £1= Rs. 42 (old rupees)

However, by 2017 the value of the rupee will decline by 10 percent.

£1 will now be worth a higher amount of rupees.

In terms of pounds in 2017, we have, £0.9 = Rs. 42 (new rupees)

£1 = 42/0.9 = Rs. 46.6

Hence, option (a)

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