Question
Indian Economy Question on Planning and Indian development
Which of the following measures was announced by the Government of India in the year 1994?
A
Full convertibility on capital account
B
Full convertibility on current account
C
Constitution of the Narasimham Committee on banking sector reforms
D
Constitution of the Abid Hussain Committee on trade policies
Answer
Full convertibility on current account
Explanation
Solution
The correct option is (B): Full convertibility on current account