Teaching UP TGT Mock Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
Which of the following is the positive side of Capital account Convertibility for the Indian Economy?
1
It can lead to financial instability
2
Speculative activity can lead to capital flight from country
3
Less availability of large funds by improved access to international financial markets.
4
It will help Indian corporate to use External commercial borrowing route without RBI or Govt approval.