With reference to the Capital Account Convertibility (CAC).
With reference to the Capital Account Convertibility (CAC). Consider the following statements-
It refers to the abolition of all limitation with respect to the movement of capital from India to different countries across the globe.
2. It brings about a fair allocation of the income level in India.
3. It helps in the efficient appropriation or distribution of international capital in India.
Choose the correct answer from the statements given above-
(a) 1 & 2
(b) 2 & 3
(c) 1 & 3
(d) 1, 2 & 3