Banking System and Capital Market Questions and Answers for Competitive Exams


Full convertibility of a rupee means

A Purchase of foreign exchange for rupees freely
B Payment for imports in terms of rupees
C Repayment of loans in terms of rupees
D Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Answer & Explanation

Answer: Option [D]

Read More Economics Solved Questions

Random GK Questions

A Steel Authority of India
B Indian Railways
C Food Corporation of India
D Posts and Telegraphs Department

View Answer

A Rig-Veda
B Sama-Veda
C Yajur-Veda
D Atharva-Veda

View Answer

A All central Cabinet Ministers
B Chief Ministers of all the State
C Cabinet Ministers of all the States and the Centre
D Members of the Estimates Committee of the Parliament

View Answer

Your Valuable Comments Please...

Important EBooks for Competitive Exams