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.
A major pest infestation leading to significant crop damage in a particular cotton-growing region would primarily affect cotton procurement by:Â Â
In which city was India's first Green Hydrogen Plant in the Stainless Steel Sector inaugurated?
Which of the following states has the highest fertility rate in India according to the 2011 census?
Who among the following was not a part of the tripartite struggle in South India?
Which one of the following ranges is not a Trans-Himalayan range?
Which of the following vitamins is synthesized due to the striking of the ultraviolet (UV) rays from sunlight to the human skin?
Which of the following can degrade detritus into simpler inorganic substances?
Financial Stability Board was formed under which international forum?
What was the total time taken to draft the Constitution of India?
What is the term for insurance purchased by an insurance company directly from one or more insurance companies or through a broker for the purpose of ri...
