Civil Services Examination · प्रश्न 49
If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India? 1. Not depending on short-term foreign borrowings 2. Opening up to more foreign banks 3. Maintaining full capital account convertibility Select the correct answer using the code given below:
उत्तर देखें और व्याख्या
उत्तर: (A) 1 only
व्याख्या
Low reliance on short-term external debt reduces vulnerability to sudden capital flight. More foreign banks and full capital account convertibility increase exposure to global shocks.