Q. One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because?
A.
it will attract more foreign capital inflow in India
B.
it will help promote exports
C.
convertibility of the rupee will stabilize its exchange value against major currencies of the world
D.
it will help India secure loans from the world financial markets at attractive terms
Answer
Correct Answer : convertibility of the rupee will stabilize its exchange value against major currencies of the world