Economics · Capital Account Convertibility
Which of the following is NOT an intended advantage of introducing Capital Account Convertibility in an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly restructure and modify the domestic direct tax system✓
- 2To ease the transfer and diversification of domestic capital abroad
- 3To enhance the economic growth rate through the inflow of foreign capital
- 4To integrate the national economy with the global economy
Correct answer
To directly restructure and modify the domestic direct tax system
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