Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees ?

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Submitted by examrobotsa on

Q: 91 (IAS/1998)
Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees ?

question_subject: 

General Knowledge

question_exam: 

IAS

stats: 

0,31,30,31,7,10,13

keywords: 

{'currencies': [0, 2, 0, 1], 'indian rupees': [0, 1, 0, 0], 'canadian dollar': [0, 1, 0, 0], 'us dollar': [0, 2, 0, 1], 'hong kong dollar': [0, 1, 0, 0], 'order': [6, 12, 34, 35], 'new zealand dollar': [0, 1, 0, 0], 'value': [0, 0, 1, 0], 'terms': [0, 0, 1, 0]}

The correct sequence of the given currencies in decreasing order in terms of their value in Indian Rupees is: US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar (Option 1).

The reasoning behind this is that the US dollar has the highest value compared to the Indian Rupee, followed by the Canadian dollar. This is because of the economic strength of these countries and their currency valuation in the global market.

The New Zealand dollar comes next. Although New Zealand is a strong economy, its currency value is less compared to the US and Canadian dollar.

The Hong Kong dollar has the least value among the four in comparison to the Indian Rupee due to it being pegged to the US dollar at a lower rate. Hence, Option 1 is the right answer, providing the correct decreasing order of currency values in Indian Rupees.