Which of the following was one of the first decisions of the Indira Gandhi government, formed after the death of Lal Bahadur Shastra?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → To devaluate the Indian rupee
One of the first decisions of the Indira Gandhi government was to devaluate the Indian rupee, under what was seen to be pressure from the US. Earlier one US dollar could be purchased for less than Rs. 5; after devaluation it cost more than Rs. 7.