3976: Convertibility of rupee implies
(a) being able to convert rupee notes into gold
(b) allowing the value of rupee to be fixed by market forces
(c) freely permitting the conversion of rupee to other currencies and vice versa
(d) developing an international market for currencies in India
3977: Which one of the following leaders of the Congress was totally in favour of Cabinet Mission Plan ?
(a) Mahatma Gandhi
(b) Jawaharlal Nehru
(c) Sardar Patel
(d) Maulana Abul Kalam Azad
3978: Which one of the following countries does NOT border the Caspian Sea?
(a) Armenia
(b) Azerbaijan
(c) Kazakhstan
(d) Turkmenistan
3979: Consider the following statements:
Full convertibility of the rupee may mean
1. its free float with other international currencies.
2. its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. it acts just like any other international currency.
Which of these statements are correct?
(a) 1 and 2
(b) 1 and 3
(c) 2 and 3
(d) 1, 2 and 3
3980: The basic difference between imperative and indicative planning is that
(a) in the case of the imperative planning the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system
(b) In the case of indicative planning there is no need to nationalise any industry
(c) in the case of imperative planning all economic activities belong to public sector, while in the other type they belong to the private sector
(d) It is easier to achieve targets in imperative type of planning