What is capital account convertibility?
Capital account convertibility refers to the freedom to convert a country's domestic currency into foreign currency and vice versa, without any restrictions or limitations. It allows individuals and institutions to move their money across borders, invest in foreign assets, and take profits or dividends from those investments back to their home country. GFCs can play a significant role in facilitating capital account convertibility, i.e. the ability of individuals and institutions to freely move capital in and out of a country's financial system. Global financial centers play an important role in facilitating capital account convertibility, by providing a platform for cross-border financial transactions, developing financial infrastructure, encouraging foreign investment, promoting financial liberalization, and influencing international financial policy.
Select the alternative that will improve the bold part of the sentence in case there is no improvement select “No improvement”.
Some people ...
In each of the questions given below, a sentence is given, divided into parts. One of the parts may contain an error. You are required to identify the ...
Identify the segment in the sentence that contains a grammatical error.
The comedian / looked very funny that /the audience could not / control...
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
The transition by online classes (A)/to offline education was smooth (B)/for the much part, (C)/ with teachers and students (D)/adapting at COVID-19 sa...
Find the appropriate ERROR
Debt bondage and forced labour flourish (A)/because the Government has (B)/do nothing to ensure (C)/the economic security of labourers (D).
Reacting for RBI’s call for paring (1)/small savings rates, the official stressed that (2)/interest rate discussions often (3)/ get too focussed o...
In the sentence, identify the segment which contains the grammatical error.
Several work of art were stolen from the town museum yesterday.
1) you can't
2) afford to be
3) complacent about
4) your security.
5) No error