Convertibility of rupee implies
Abeing able to convert rupee notes into gold
Ballowing the value of rupee to be fixed by market forces
Cfreely permitting the conversion of rupee to other currencies and vice versa
Ddeveloping an international market for currencies in India
Answer & Solution
Correct answer: C. freely permitting the conversion of rupee to other currencies and vice versa
UPSC CSE Prelims 2015 (GS-I, Set A), Q.34. Official answer key: C.
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