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:
In case of a global financial crisis what can save India is.
Statement 1 Avoiding Short Term Loan From Foreign Banks as in a Financial Crisis it would be tough to
pay off.
Statement 2 If we resort to more foreign banks there will be a problem they might restrict their policies
in a global financial crisis.
Statement 3 Full capital account convertibility will not be an option as we have a devalued currency.
So Correct Answer is A.
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