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

  • question_answer
          Consider the following statements:
    The Indian rupee is fully convertible:
    1. in respect of Current Account of Balance of payment
    2. in respect of Capital Account of Balance of payment
    3. into gold
    Which of these statements is/are correct?

    A) 1 alone             

    B)        3 alone

    C) 1 and 2            

    D)        1, 2 and 3

    Correct Answer: A

    Solution :

    In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.


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