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. Convertibility of the rupee implies
(a) Being able to convert rupee notes into gold
(b) Allowing the value of the rupee to be fixed by market forces
(c) Freely permitting the conversion of rupee to other major
currencies and vice versa
(d) Developing an international market for currencies in India
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Answer Posted / vidyanand
It is clearly mention that currency convertibility means currency of that particular country convertable in to gold and it is very important to international commerce then how could be the answer other than 1.
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