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What is the Sequence in Which the Indian Economy Has Undergone the Process of Convertibility? - Current Affairs Including General Knowledge

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MCQ

What is the sequence in which the Indian economy has undergone the process of convertibility?

I. Rupee floated on the trade account. 
II. Part convertibility under a dual exchange rate system. 
III. Introduction of Exim scrips. 
IV. Rupee made convertible on the current account. 

Options

  • I, II, III, IV

  • II, I, III, IV

  • III, II, I, IV

  • IV, I, II, III

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Solution

What is the sequence in which the Indian economy has undergone the process of convertibility?-IV, I, II, III

Concept: Economic Current Affair (Entrance Exam)
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