wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

As per the Reserve Bank of India (RBI), the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts?
A. Fully at Capital Account
B. Fully at Current Account
C. Partially at Trade Account

A
Only (A)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Only (B)
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Only (C)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Only (A) and (C)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Only (B)
At present , as per Reserve Bank of India, Rupee is convertible fully at current account. The current account plays an important role in determining the economic status of a nation.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Industry and Trade
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon