1
Question
Convertibility of rupee implies ?
Convertibility of rupee implies ?
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Solution
- developing an international market for currencies in India
- being able to convert rupee notes into gold
- freely permitting the conversion of rupee to other currencies and vice-versa
- allowing the value of rupee to be fixed by market forces
The correct option is iii.freely permitting the conversion of rupee to other currencies and vice-versa
- developing an international market for currencies in India
- being able to convert rupee notes into gold
- freely permitting the conversion of rupee to other currencies and vice-versa
- allowing the value of rupee to be fixed by market forces
The correct option is iii.freely permitting the conversion of rupee to other currencies and vice-versa
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