Convertibility of rupee implies

Question

Accepted Answer

The convertibility of the rupee refers to the ease with which the Indian currency can be converted into another currency. This concept is crucial for international trade and finance, as it allows for the free exchange of currencies, facilitating global economic transactions. The correct answer, (c), highlights the importance of freely permitting the conversion of the rupee to other currencies and vice versa, which is a key aspect of currency convertibility.