Question
Which policy determines the free conversion of
domestic currency with international currencies? ÂSolution
Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and back. Current account convertibility allows free inflows and outflows for all purposes other than for capital purposes such as investments and loans.
Who serves as the Chairman of the Inter-State Council in India?
Which of the following states have been the former union territories?
1. Himachal Pradesh
2. Manipur
3. Haryana
4. Tripura
Under the Indian Constitution any arrested person must be appeared before the nearest magistrate with __ hours.
Match the following stadiums with their alternate names:Â
Which of the following is a condition for becoming a member of the Lok Sabha in India?
Which article of the Indian Constitution ensures the "Freedom of Conscience and Free Profession, Practice, and Propagation of Religion"?
Which of the following is the minimum age to become member of Lok Sabha?
Which landmark Supreme Court case in 1954 declared state laws establishing separate public schools for black and white students unconstitutional?
"The Test of My Life" is a book written by which cricketer?
When a bill is referred to a joint sitting of both Houses of Parliament, it is passed by which type of majority?
