GyanGram
ATTEMPT · INDIAN ECONOMY · PRELIMS 2015
Convertibility of rupee implies:
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Convertibility of rupee implies:
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• Correct Answer: C
• Convertibility means freely exchanging rupee for foreign currencies and vice versa at market-determined rates.
• India has full current account convertibility but only partial capital account convertibility.
• A, B, D are wrong: convertibility does not imply gold standard, market-fixed value alone, or an international currency market.
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