RRaahUPSC
2015 · EconomyPrevious Year Question
Q34.
Convertibility of rupee implies
A. being able to convert rupee notes into gold
B. allowing the value of rupee to be fixed by market forces
C. freely permitting the conversion of rupee to other currencies and vice versa.
D. developing an international market for currencies in India.
Answer

C

Explanation

The ease with which a country's currency can be converted into another currency.
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