2013 · Q22
Which of the following statements is correct with respect to the convertibility of Indian rupee?
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- AIt is convertible on capital account
- BIt is convertible on current account
- CIt is convertible both on current and capital account
- DNone of the above
Explanation
The Indian rupee is fully convertible on the current account but only partially on the capital account, so only statement (b) is correct.