MCQOPTIONS
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| 1. |
Convertibility of rupee implies [IAS Prelims 2015] |
| 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» D. developing an international market for currencies in India | |