📚 Part of: Indian Politics And General Knowledge Mcq Quiz

While in the country of ..... you stay in the coastal city of Mumbai and try it's famous spicy scrambled eggs called, Akuri. You spend $ 1.40 in USD. How much is this in Indian Rupees? Exchange 1 Rupee = $ 0.014 USD

Category: Miscellaneous Indian Gk

Correct Answer: D) India, 100.00.

Exam Relevance: UPSC, SSC, Bank PO, CLAT

Difficulty: Moderate

Concept notes:

Currency conversion involves changing the value of one currency to another using the exchange rate. In this case, the exchange rate is given as 1 Rupee = $0.014 USD. To find the equivalent amount in Indian Rupees, you divide the amount in USD by the exchange rate.

Common Mistakes:
  • Confusing the exchange rate and multiplying instead of dividing.
  • Misunderstanding the city of Mumbai and its relation to the dish Akuri.
  • Incorrectly identifying the country as Delhi instead of India.
Explanation:

Currency conversion is a fundamental concept in international finance and travel, particularly when dealing with transactions in different countries. In this problem, we are given the exchange rate between the Indian Rupee (INR) and the United States Dollar (USD) as 1 Rupee = $0.014 USD. This means that for every 1 Rupee, you get $0.014 in USD.

To convert the amount spent in USD to INR, we need to use the given exchange rate. The amount spent is $1.40. The formula to convert USD to INR is:

\[ \text{Amount in INR} = \frac{\text{Amount in USD}}{\text{Exchange Rate (USD per INR)}} \]

Substituting the given values:

\[ \text{Amount in INR} = \frac{1.40}{0.014} \]

Performing the division:

\[ \text{Amount in INR} = 100.00 \]

Thus, $1.40 in USD is equivalent to 100.00 INR.

It is important to note that the city mentioned in the question is Mumbai, which is a coastal city in India. The dish Akuri, a spicy scrambled egg dish, is a popular street food in Mumbai. The question also tests the understanding of basic arithmetic and the ability to correctly apply the given exchange rate to convert between currencies.

In summary, the correct answer is (D) India, 100.00, as it correctly identifies the country and the converted amount in INR. The other options are incorrect either because they misidentify the city or the country, or they provide an incorrect conversion amount.

Option Analysis:
  • Option A: This option is incorrect. The city mentioned is Mumbai, which is in India, not Delhi. Additionally, the conversion of $1.40 to Indian Rupees using the given exchange rate does not result in 100.00 Rupees. The correct conversion would be $1.40 / 0.014 = 100.00 Rupees.
  • Option B: This option is incorrect. While the country is correctly identified as India, the conversion of $1.40 to Indian Rupees using the given exchange rate does not result in 1.96 Rupees. The correct conversion would be $1.40 / 0.014 = 100.00 Rupees.
  • Option C: This option is incorrect. The city mentioned is Mumbai, which is in India, not Delhi. Additionally, the conversion of $1.40 to Indian Rupees using the given exchange rate does not result in 1.96 Rupees. The correct conversion would be $1.40 / 0.014 = 100.00 Rupees.
  • Option D: This option is correct. The city of Mumbai is in India, and the conversion of $1.40 to Indian Rupees using the given exchange rate of 1 Rupee = $0.014 USD results in 100.00 Rupees. The calculation is $1.40 / 0.014 = 100.00 Rupees.
⬅️ Back to Indian Politics And General Knowledge Mcq Quiz – Practice all questions