Which of the following is a feature of the Indian capital account?
A. Complete convertibility for all capital transactions
B. Partial convertibility with controls on certain capital flows
C. Only current account convertibility without any capital flows
D. Complete ban on capital inflows
Answer: Option B
Solution (By JKSSB Mock Tests)
India has achieved current account convertibility but maintains a managed and partial capital account convertibility with prudential controls on certain flows.
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