question_answer

As per the Reserve Bank of India (RBI), the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts?   [Indian Bank 2010]

[a] Fully at Capital Account

[b] Fully at Current Account

[c] Partially at Trade Account

A)  Only [a]                       

B)  Only [b]

C)  Only [c]                       

D)  Only [a] & [c]

E)  None of these