Sawaal
5
Q:

Full convertibility of a rupee means ?

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

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



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO
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Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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