Convertibility of Rupee Implies

  1. Being able to convert rupee notes into gold
  2. Allowing the value of rupee to be fixed by market forces
  3. Freely permitting the conversion of rupee to other currencies and vice versa
  4. Developing an international market for currencies in India
Monis Rasool Professor Asked on 26th August 2015 in Economics.
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    Answer: (3) Freely permitting the conversion of rupee to the other currencies and vice versa.

    for more info Click here.

    Anurag Mishra Professor Answered on 26th August 2015.
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