Economics · External Sector & Convertibility
With reference to rupee convertibility in India, consider the following statements: I. Convertibility on the current account permits cross-border transactions related to trade and services. II. India allows unrestricted convertibility on the capital account for both residents and non-residents. III. The recommendations of the Tarapore Committee linked capital account liberalization with fiscal discipline. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only✓
- 2I and II only
- 3III only
- 4I, II and III
Correct answer
I and III only
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