A) being able to convert rupee notes into gold
B) allowing the value of rupee to be fixed by market forces
C) freely permitting the conversion of rupee to other currencies and vice versa
D) developing an international market for currencies in India
Correct Answer: C
Solution :
Convertibility of rupee implies freely permitting the conversion of rupee to other currencies and vice versa. Currency Convertibility is the ease with which a country?s currency can be converted into gold or another currency.
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