What is Capital Account Convertibility(CAC)?
Answer / deepak
It is the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This means that capital account convertibility allows anyone to freely move from local currency into foreign currency and back. The Reserve Bank of India has appointed a committee to set out the framework for fuller Capital Account Convertibility. Capital account convertibility is considered to be one of the major features of a developed economy. It helps attract foreign investment. capital account convertibility makes it easier for domestic companies to tap foreign markets.
Is This Answer Correct ? | 0 Yes | 0 No |
The rule of the Risk management provides a basic framework within which risk management decision can be made .Doscuss.
How can a company invite public deposits through advertisements? What are the details required to be included in the advertisements?
Why bse has 30 index and NSE has 50 index. Why not BSE has 29 or 31 index and why not NSE has 49 or 51 index. why both has a exact 30 and 50 index.
What are Non Performing Assets? How can they be reduced?
Explain what is debt or equity ratio?
What are the two most basics financial statements prepared by the companies?
What is foreign exchange reserve?
What are the key features of Union Budget 2017?
Do You Need BG/SBLC ?
What is 'laghu udhami credit card (lucc) scheme and its features?
Which is the new instrument launched by rbi to protect the saving of poor and middle class people from inflation and insensitive household sectors. What are the general techniques used by sccs?
What you will find in Balance Sheet?