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CDS Model Paper 5 General Knowledge
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© examsnet.com
Question : 83
Total: 120
Convertibility of rupee implies
being able to convert rupee notes into gold
allowing the value of rupee to be fixed by market forces
freely permitting the conversion of rupee to other currencies and vice versa
developing an international market for currencies in India
Validate
Solution:
Convertibility of rupee implies freely permitting the conversion of rupee to other currencies and vice versa. Currency Convertibility is the ease with which a country's currency can be converted into gold or another currency.
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