Convertibility of the rupee implies - Study24x7
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17 Aug 2022 10:44 AM study24x7 study24x7

Convertibility of the rupee implies

A

Being able to convert rupees notes into gold

B

Allowing the value of the rupee to be fixed by marketforces

C

Freely permitting the conversion of rupee to other major currencies and vice versa

D

 Developing an international market for currencies in India

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  • shruti bhardwaj

  • Convertibility of the rupee implies freely permitting the conversion of rupee to other major currencies and vice versa. Hence, Option-C is the correct answer.
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