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Which are the pre-requisites required by the Indian economy to implement convertibility of rupee on trade account as suggested by the Rangarajan Committee?

1. There should be comfortable foreign exchange resources

2. Low rate of inflation.

3. Mechanism by which me government can pass on the changes in the price of imported goods to the consumers

4. SLR and CRR must below.

 

A) 1 and 2            

B) 1, 2 and 3

C) 1 and 4            

D) All of the above