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Banking System and Capital Market Questions and Answers for Competitive Exams
Full convertibility of a rupee means
Purchase of foreign exchange for rupees freely
Payment for imports in terms of rupees
Repayment of loans in terms of rupees
Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
Answer & Explanation
Answer: Option [D]
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1000 ECONOMICS MCQS FOR COMPETITIVE EXAMS
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