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Q: Full convertibility of a rupee means ?

  • 1
    Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
  • 2
    Repayment of loans in terms of rupees
  • 3
    Payment for imports in terms of rupees
  • 4
    Purchase of foreign exchange for rupees freely
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Answer : 1. "Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply"
Explanation :

Answer: A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation:

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