As per the 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?
I. Fully at Capital account
II. Fully at Current account
III. Partially at Trade Account
Important Questions on Industry, Trade and International Organisation
Choose the correct option related to World Bank Organisation, IBRD and IDA.
I. India use IDA funds on social sector.
II. India use IBRD funds on infrastructure development.
III. IBRD loans are cheaper than IDA loans.
Which of the statements given above is/are correct?
As per the news published in various financial newspapers, the RBI is working the roadmap on Capital account Convertibility. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?
I. Public sector Banks
II. Companies which are registered in India
III. Government of India
IV. any Indivisual
Select of the correct answer using the codes given below:
Consider the following statement:
I. Nominal Effective Exchange Rate (NEER) is the weighted average of bilateral.
II. Real Effective Exchange Rate (REER) is used to measure the movements of exchange rate as well as inflation differentials between India and its major trading partners.
Which of the statement given above is/are correct?
