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Convertibility of the rupee implies
  • a)
    Being able to convert rupee notes into gold
  • b)
    Freely permitting the conversion of rupee to other major currencies and vice versa
  • c)
    Allowing the value of the rupee to be fixed by market forces
  • d)
    Developing an international market for currencies in India
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Convertibility of the rupee impliesa)Being able to convert rupee note...
B
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Convertibility of the rupee impliesa)Being able to convert rupee notes into goldb)Freely permitting the conversion of rupee to other major currencies and vice versac)Allowing the value of the rupee to be fixed by market forcesd)Developing an international market for currencies in IndiaCorrect answer is option 'B'. Can you explain this answer?
Question Description
Convertibility of the rupee impliesa)Being able to convert rupee notes into goldb)Freely permitting the conversion of rupee to other major currencies and vice versac)Allowing the value of the rupee to be fixed by market forcesd)Developing an international market for currencies in IndiaCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Convertibility of the rupee impliesa)Being able to convert rupee notes into goldb)Freely permitting the conversion of rupee to other major currencies and vice versac)Allowing the value of the rupee to be fixed by market forcesd)Developing an international market for currencies in IndiaCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Convertibility of the rupee impliesa)Being able to convert rupee notes into goldb)Freely permitting the conversion of rupee to other major currencies and vice versac)Allowing the value of the rupee to be fixed by market forcesd)Developing an international market for currencies in IndiaCorrect answer is option 'B'. Can you explain this answer?.
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