Question
Which policy determines the free conversion of
domestic currency with international currencies? ÂSolution
Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and back. Current account convertibility allows free inflows and outflows for all purposes other than for capital purposes such as investments and loans.
In the question below there are four statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
Statements: a. All spoons are forks.
b. All plates are forks.
c. All forks are bowls.
Conclusion...
Statements:
Only a few A is B
No B is C
Only a few C is D
Some D is E
Conclusions:
I). Â No A is C
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 ...
Given below are three statements and three conclusions. Take the statements to be true even if they are at variance with commonly known facts, and decid...
Statements-
Some pens are sharpeners
All sharpeners are erasers
No eraser is ink
Some inks are pencil
Conclusions.<...
Statements: All pens are papers.
Some papers are not books.
All books are pencils.
Conclusions...
In the question below three statements are given followed by two conclusions. You have to take the given statements to be true even if they seem to be ...
Statements:
All clubs are pub.
No pub is a song.
All songs are music.
Conclusions:
I. All songs being...
Statements:
All Books are Flight.
Only a few Flight are Ticket.
No Ticket is a Memo.
Conclusions:
I. Some Fligh...
