Subject Category > General Knowledge
Q. Full convertibility of a rupee means ?
A) Repayment of loans in terms of rupees
B) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
C) Purchase of foreign exchange for rupees freely
D) Payment for imports in terms of rupees
✔ Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
Additional Information > Exam point of View
Full convertibility of a rupee means that the currency can be exchanged freely for foreign currencies without any restrictions on current and capital account transactions.Asked Question
Right Answer : Mexico
View ExplanationRight Answer : Knowledge information processing system
View ExplanationRight Answer : RQP
View ExplanationRight Answer : ephemeral
View ExplanationRight Answer : 1, 2 and 3
View ExplanationRight Answer : the red ray
View ExplanationRight Answer : 434
View ExplanationRight Answer : Bheel
View ExplanationRight Answer : Life found in space and on other satellite
View ExplanationRight Answer : Dispersion of light
View Explanation