Which of the following is not the advantage of Capital Account Convertibility ?
Modifying the direct tax system is not an advantage inherent in capital account convertibility. Convertibility facilitates international capital movements and financial…
Choose your answer
Which of the following is not the advantage of Capital Account Convertibility ?
Answer and explanation
Correct answer D
Modifying the direct tax system is not an advantage inherent in capital account convertibility. Convertibility facilitates international capital movements and financial integration, and can widen access to foreign funds.
Practice for these exams
-
Maharashtra and Goa SET (MH SET)