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The 'Purchasing Power Parity' (PPP) exchange rate aims to equalize:

Answer: Option B

PPP is a theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries. 7 It allows for a more accurate comparison of living standards across countries.

1
Which of the following best describes the primary objective of India's economic planning since independence?

2
The concept of 'Hindu rate of growth' is often used to refer to:

3
Which of the following was a key recommendation of the Narasimham Committee I (1991)?

4
The 'Washington Consensus' generally advocates for which set of economic policies?

5
What is the primary function of the Goods and Services Tax (GST) Council in India?

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