Question
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 ?
- (a)Aiding the flow of remittances from India and maintaining India's creditworthiness
- (b)Providing support to Indian importers
- (c)Encouraging export of cotton produce from India
- (d)Preventing depreciation of the Rupee in terms of gold