Economy
2020
Banking in India
External Sector
Balance of Payments
UPSC Practice Question

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:
A.1 only
C.3 only
B.1 and 2 only
D.1, 2 and 3