2015 · Q83
Rise in the price of a commodity means
General KnowledgeIndian Economy
- Arise in the value of currency only
- Bfall in the value of currency only
- Crise in the value of commodity only
- Dfall in the value of currency and rise in the value of commodity
Explanation
A rise in the price of a commodity means the commodity commands more units of money — i.e., the value of the commodity rises while the purchasing power (value) of currency falls. Option D states this correctly.