Question
Consider the following statements: The Indian rupee is fully convertible:
- in respect of Current Account of Balance of payment
- in respect of Capital Account of Balance of payment
- into gold
Answer: Option A
Answer: (a)In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.
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Answer: (a)In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.
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