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 ?

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 ?

Accepted Answer

(A) Aiding the flow of remittances from India and maintaining India's creditworthiness

Answer

(B) Providing support to Indian importers

Answer

(C) Encouraging export of cotton produce from India

Answer

(D) Preventing depreciation of the Rupee in terms of gold