When partial convertibility obtains the exchange rate is ........

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When partial convertibility obtains the exchange rate is

a weighted average

a simple average

fully floating

fully administered

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Explanation:

Partial Convertibility of Rupee was introduced in March 1992

Under the partial convertibility of Rupee, dispensation of 40% of the Foreign exchange had to be surrendered to the Reserve Bank of India at the official rate and balance 60% of the foreign exchange had to dispose off by the exporters at the market rate.