Question

Advantages and disadvantages of current account convertibility india

Answer 1

The anomalous behaviour of first element of s and p block elements of each group as compared to other group members is due to following reasons: Small size of atom, large charge/radius ratio, high electronegativity and non availability of d-orbitals in their valence shell.

Answer 2

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Advantages

1. Easy to send the foreign earnings to India.

2. Facilitates trade activities among different countries.

3. Import and export can be done at fair rates.

Disadvantages

1. High levels of volatility, inflation in forex rates or devaluation may

take place due to lack of suitable regulatory control.

2. Indian exports may become less competitive in the international market

due to a rising unregulated rupee.