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.
- Find the wrong number in the given number series.
4, 6, 9, 13, 18, 25 Direction: Find the wrong number in given number series.
1102, 1140, 1186, 1240, 1318, 1412.
120, 140, 178, 232, 300, 360
Find the wrong number in the given number series.
2, 6, 24, 121, 720, 5040
186, 179, 170, 162, 146, 131, 114
Find the wrong no in the given number series.
25, 123, 341, 727, 1329, 2199
231, 241, 233, 239, 235, 243
Find the wrong number in given number series.
1500, 1450, 1390, 1350, 1240, 1150
- Find the wrong number in the given number series.
600, 539, 488, 447, 408, 395 - Find the wrong number in the given number series.
2, 5, 9, 14, 20, 28
