Multiple Choice Questions on The Indian Rupee is fully convertible 1 In respect of Current Account of Balance of Payments 2 In re........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

The Indian Rupee is fully convertible 1 In respect of Current Account of Balance of Payments 2 In re...........

Indian Economy (Easy) External Sector
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    The Indian Rupee is fully convertible:
    1. In respect of Current Account of Balance of Payments
    2. In respect of Capital Account of Balance of Payments
    3. Into Gold
    Which of these statements is/are Correct?

    1 only

    Correct Answer

    3 only

    Incorrect Answer

    1 and 2 only

    Incorrect Answer

    1, 2 and 3

    Incorrect Answer
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    Explanation:

    the rupee is fully convertible on the current account, allowing it to be converted into other currencies and vice versa for transactions such as export and import of goods and services. But it is only partially convertible on the capital account.

    By: santosh
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