Q2.
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 ?
Answer
A
Explanation
The British adopted the fixed rupee-sterling rate associated with the Hilton-Young Commission to support sterling obligations, remittances and India's creditworthiness within the imperial monetary system. It was not primarily an export-promotion measure.