The Indian Rupee is fully convertible:
1. In respect of Current Account of Balance of Payments
2. In respect of Capital Account of Balance of Payments
3. Into Gold
Which of these statements is/are correct ?

Related MCQs

• Consider the following statements: Full convertibility of the rupee may mean: [IAS 2002] 1. its free float with other international currencies. 2. its direct exchange with any other international currency at any prescribed place inside and outside the country. 3. it acts just like any other international currency. Which of these statements are correct?
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• Which of the following statements regarding the iron and steel plants at Bhilai, Rourkela and Durgapur are correct? [CDS 1992] 1. These plants were established in public sector during the Second Five Year Plan 2. These are located in the steel raw material belt 3. These were established with the help from Britain, Soviet Union and West Germany respectively
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• Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 : 1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right. 2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work. Which of the statements given above is/are correct? [IAS 2006]
• With reference to the government's welfare schemes, consider the following statements: 1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice. 2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Government 3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost. Which of these statements are correct? [IAS 2003]
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• Balance of payments must always balance because: