Currency exchange - GS questions based on daily current affairs

1)   India uses -

a. Floating exchange rate
b. Fixed exchange rate
c. Managed float regime
d. None of the above.
Answer  Explanation 

ANSWER: Managed float regime

Explanation:
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies.