No products in the cart.

"indian paper currency is inconvertible". Discuss

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

"indian paper currency is inconvertible". Discuss
  • 1 answers

Yogita Ingle 5 years, 4 months ago

The special feature of Indian monetary system is that it has adopted inconvertible paper currency system. Paper currency is not convertible into precious metal (gold) that is backing it. Thus, currency is said to be inconvertible.

https://examin8.com Test

Related Questions

Economics project on function of RBI
  • 0 answers
What is receipt?
  • 0 answers
Two types of marke diagram and explanation
  • 0 answers
Trends in credit availability
  • 0 answers
Economic Reforms Since 1991 notes
  • 0 answers
Explain the limitation of GDP as wellfare
  • 1 answers
What is deficit ?
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App