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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 136 of 200

Q136
Indian EconomyExternal Sector & International Organisations
Indian Rupee is fully convertible in
  1. a.Current Account
  2. b.Capital Account
  3. c.Trade Account
  4. d.None of the above

Answer: (A) Current Account

The rupee has been fully convertible on the current account since August 1994, when India accepted IMF Article VIII obligations. Capital account convertibility is still only partial, and 'trade account' is not a separate convertibility category.

Q135 Whole paperQ137