Answer Posted / 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 |
Post New Answer View All Answers
Reasons of Nifty Fluctuation in details ?
Have you applied to any other areas apart from banking?
ipls send me the type of interview questions asked in andhra bank clerical interview
Dear, any body give me MIS repor - excel sheet format for share trading purpose.
What propositions should be kept in mind while working with debtors turnover ratio?
what should be the methology of business taxation ?
What is a lease agreement? What are its contents?
Name some projects in which government has to make public expenditure?
What is FTSE at today?
What Is Line Of Credit?
What are nationalized banks?
Dear sir plz give d ncfm dp module questions websites otherthan nse
Suggest some ways to improve the economic growth?
What will your work strategy in handling the recent changes in the banking sector?
DOW stock exchange belongs to which country?