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Consider the following statements : The Indian rupee is fully convertible I. in respect of Current Account of Balance of Payment. II. in respect of Capital Account of Balance of Payment. III. into gold. Which of these statements is/are correct

Consider the following statements : The Indian rupee is fully convertible I. in respect of Current Account of Balance of Payment. II. in respect of Capital Account of Balance of Payment. III. into gold. Which of these statements is/are correct ?

(a)

I alone

(b)

III alone

(c)

I and II

(d)

I, II and III

Answer:

(a)

Explanation