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  9. Q19

OPSC OCS 2025 · Question 19 of 84

For which of the following purposes is Indian currency fully convertible? (2025) i. Repatriation of remittances __________________________________________________________ ii. Interest payment of foreign loans iii. Direct Foreign Investment (FDI) iv. Indirect Foreign Investment (FPI/FII) v. Trade Options:

Economy

  1. Ai, iii and v
  2. Bi, ii, iv and vCorrect
  3. Ciii, iv and v
  4. Dii, iv and v

Answer: B. i, ii, iv and v

Explanation

Under India's foreign exchange framework (FEMA regulations and RBI guidelines), transactions are classified as follows: i. Repatriation of remittances: Current account transaction (fully convertible).

Source: OPSC OCS Prelims 2025 GS Paper-I (Set D); answers per Apti Plus unofficial key

← Q18View full paper (84 questions)Q20 →

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