Question
What is capital account
convertibility?Solution
Capital account convertibility refers to the freedom to convert a country's domestic currency into foreign currency and vice versa, without any restrictions or limitations. It allows individuals and institutions to move their money across borders, invest in foreign assets, and take profits or dividends from those investments back to their home country. GFCs can play a significant role in facilitating capital account convertibility, i.e. the ability of individuals and institutions to freely move capital in and out of a country's financial system. Global financial centers play an important role in facilitating capital account convertibility, by providing a platform for cross-border financial transactions, developing financial infrastructure, encouraging foreign investment, promoting financial liberalization, and influencing international financial policy.
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Some tablets are laptops.
All laptops are mobiles.
No mobile is a notepad.
Conclusion:
I. Some tablet...
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Only a few pen is pencil
No pencil is colour
Only a few colour is mobile
Some mobile is laptop
Conclus...
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Only a few Hen are Duck
All Bat are Rat
No Duck is a Bat
Some Rat are Cat
Conclusions:
I. Som...
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In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements:
All Rose are Lily.
No Lily is Lotus.
Some Lotus are Daisy.
Some Daisy are not Sunflower.
Conclusions: ...
Statements:No town is a city.
All cities are islands.
Conclusions:I. No island is a town.
II. All islands are cities.
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Some Traditions are Creeds.
All Creeds are Cultures.
A few Cultures are Castes.
No Value is a Caste.
Conc...
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
