Civil Services Examination · ಪ್ರಶ್ನೆ 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:
ಉತ್ತರ ತೋರಿಸು ಮತ್ತು ವಿವರಣೆ
ಉತ್ತರ: (A) 1 only
ವಿವರಣೆ
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.