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Full convertibility of a rupee means :

1)Purchase of foreign exchange for rupees freely

2)payment for imports in terms of rupees

3)repayment of loans in terms of rupees

4)determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply


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    determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

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  • Exam: MONEY QUESTIONS





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