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 ?

(a) 1 alone (b) 3 alone (c) 1 and 2 (d) 1, 2 and 3

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1 Answers

(a) In respect of capital account of balance of payment, the indian rupee is partially convertible after 1991.

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