Question
Which are the pre-requisites required by the Indian economy to implement convertibility of rupee on trade account as suggested by the Rangarajan Committee?
- There should be comfortable foreign exchange resources
- Low rate of inflation.
- Mechanism by which the government can pass on the changes in the price of imported goods to the consumers
- SLR and CRR must be low.
Answer: Option C
Answer: (c)
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Answer: (c)
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