[Solved] Which of the following is incorrect about convertibility?

Q.	Which of the following is incorrect about convertibility?
A.	The exchange rate should be determined by the forces of demand and supply of the currency
B.	The exchange rate' would indicate the strength of the economy
C.	It would discourage black market transactions
D.	The RBI will be a direct player now rather than being an indirect one
Answer» D. The RBI will be a direct player now rather than being an indirect one

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