When all the barriers for investment opportunities in a global perspective are broken the economy is said to have achieved ________________.

Current account convertibility

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Capital account convertibility

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Trade account convertibility

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Both (A) and (C)

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All of the above

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Solution

The correct option is C Capital account convertibility
Capital account convertibility means conversion of rupees into any foreign currencies. The currencies could be banked or could be used to acquire assets like real estate, financial instruments and gold jewellery in any of the foreign country.

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When all the barriers for investment opportunities in a global perspective are broken the economy is said to have achieved ________________.

The correct option is C Capital account convertibilityCapital account convertibility means conversion of rupees into any foreign currencies. The currencies could be banked or could be used to acquire assets like real estate, financial instruments and gold jewellery in any of the foreign country.

The correct option is C Capital account convertibility
Capital account convertibility means conversion of rupees into any foreign currencies. The currencies could be banked or could be used to acquire assets like real estate, financial instruments and gold jewellery in any of the foreign country.