UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
    DIRECTIONS: Match List-I with List-II and select the correct answer using the codes given below the lists.
      List-I   List-II
    [A] Partial convertibility (1) Unified exchange rate, applied for export and import of goods only, visible transaction of BoP.
    [B] Convertibility on trade account (2) Currency can be converted on all accounts.
    [C] Convertibility on trade account (3) 60% of foreign exchange rates and rest at official rate.
    [D] Full convertibility (4) Full convertibility in all visible and invisible transaction of goods and Services.
     

    A) A-1;   B-2;   C-3;   D-4      

    B) A-3;   B-1;   C-4;   D-2

    C) A-4;   B-2;   C-1;   D-3      

    D) A-1;   B-4;   C-3;   D-2

    Correct Answer: B


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