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Priya Sharma
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

SSC Banking Defence
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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.
    Like
    Reply 17 Aug 2022 12:38 PM
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