state gov TSPSC Group 2 (తెలంగాణ గ్రూప్ 2) Mock Test Series General Knowledge Economy External Sector and Currency Exchange rate
Convertibility of the rupee implies
1
Being able to convert rupee notes into gold
2
Freely permitting the conversion of rupee to other major currencies and vice versa
3
Allowing the value of the rupee to be fixed by market forces
4
Developing an international market for currencies in India