Multiple Choice Questions on Consider the following statements The Indian rupee is fully convertible in respect of Current Accoun........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statements The Indian rupee is fully convertible in respect of Current Accoun...........

Economic Affairs Foreign Trade - Trends and Policy
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    Consider the following statements:

    The Indian rupee is fully convertible

    1. in respect of Current Account of Balance of Payment.

    2. in respect of Capital Account of Balance of Payment.

    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:

    Since 1994, Indian rupee has been made fully convertible in current account transactions.

    By: Kamal Kashyap
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