Which of the following indicates/indicate that a currency is convertible?
1. It can be freely exchanged for a foreign currency.
2. There is no restriction for its use in a foreign country.
Select the correct answer using the code given below:
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Convertibility basically means to treat a foreign currency the same as the domestic currency, both in domestic and overseas markets.
It means absence of restrictions from the government on conversion of currency and also on its end use.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
International Relations · Easy
If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India? 1. Not depending on short-term foreign borrowings 2. Opening up to more foreign banks 3. Maintaining full capital account convertibility Select the correct answer using the code given below:
International Relations · Easy
Out of the following statements, choose the one that brings out the principle underlying the Cabinet form of Government:
International Relations · Easy
A country is said to have reduced the Poverty Gap Ratio from 2010-11 to 2019-2020. What does it imply?
International Relations · Easy