Question

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

Answer 1

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