Objectives of exchange control, Marketing Research

Assignment Help:

OBJECTIVES OF EXCHANGE CONTROL : Most of the developing countries including India, found it necessary to continue exchange control introduced during the Second World War on a systematic and long-term basis. Exchange control became essential in view of the substantial requirements of foreign exchange for the planned developmental effort undertaken by them. Over the years, the scope of exchange control in India has steadily widened. The regulations have become progressively more elaborate with the increasing foreign exchange outlays under successive Five Year Plans and the relative inadequate earnings of foreign exchange. During the span of more than 40 years that the control has remained in force, appraisals and reviews of policies and procedures have been undertaken periodically and modifications made as and when considered necessary.

In specific terms, the broad objective of the exchange control is:

1) To prevent flight of capital

2) To ensure the availability of sufficient foreign exchange for specific purposes such as meeting the international commitments

3) To stabilize the external value of the domestic currency, and

4) To insulate the economy from external economic pressures.

You should note that the basic objective of exchange control in India its conservation of the foreign exchange resources and proper utilization thereof in the interest of economic development of the company.

 

 


Related Discussions:- Objectives of exchange control

How clear are indications of quality, Q. How clear are indications of quali...

Q. How clear are indications of quality? The amount of effort a consumer puts into searching depends on a number of factors such as the market (how numerous competitors are t

Definition of research according to p.m. cook, Definition of Research Accor...

Definition of Research According to P.M. Cook "Research is an honest, exhaustive, intelligent searching for facts and their meanings for implications with reference to given pr

Explain primary reseach and cultural sensitivity issues, Questions E...

Questions Explain the ways that primary research in an economically developed nation might differ from research in a developing nation. Compare two specific countries, and u

Information search and decision making, Consumers are engage in both inter...

Consumers are engage in both internal as well as external information search. Internal search engages the consumer identifying alternatives from his or her memory. For certai

Marketing.., How is Markov process applied in brand switching

How is Markov process applied in brand switching

Market research for international marketing, Problem 1 List out the sec...

Problem 1 List out the secondary sources of information while pursuing market research. Market research for international marketing Secondary sources of information

Job evaluation points salary survey, Below is a set of data, which you are ...

Below is a set of data, which you are to plot. Then tell me how many pay structures and what jobs should be included in the pay structure(s). In your answer you are to show me the

Internal and external influences, Q. Internal and External influences? ...

Q. Internal and External influences? Internal influences Consumer behaviour is influenced by- personality, psychographics (lifestyle), demographics, motivation, knowledge,

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd