Currency Depreciation leads to:

The correct answer is Option (1) → Increase in Export

Note: The given answer is as per NTA. However, multiple answers are correct for this question. Both Option 1 and 2 are correct for this question as explained below:

Currency depreciation makes a country's exports cheaper and more competitive in the international market, leading to an increase in exports. At the same time, it makes imports more expensive for domestic consumers, leading to a decrease in imports.