Which of the following is incorrect about convertibility?

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

The exchange rate should be determined by the forces of demand and supply of the currency

TuteeHUB · Answer

The exchange rate' would indicate the strength of the economy

TuteeHUB · Answer

It would discourage black market transactions

TuteeHUB · Answer

The RBI will be a direct player now rather than being an indirect one

1.	Which of the following is incorrect about convertibility?
A.	The exchange rate should be determined by the forces of demand and supply of the currency
B.	The exchange rate' would indicate the strength of the economy
C.	It would discourage black market transactions
D.	The RBI will be a direct player now rather than being an indirect one
Answer» E.

Discussion