Multiple choice

As per the reports published in the newspapers Indian Rupee is now fully accepted in Asian countries like, Singapore, Hong Kong, Malaysia etc. What does it really mean?

  1. Anybody from Asian country can purchase Indian Rupee and keep it in his/her bank account in his/her country without any restrictions.
  2. Now people in these nations are not required to go for a double conversion first in dollar and then in rupee.
  3. People travelling European/Asian countries can make their payments in rupee anywhere without any problem.

  1. Only 1 is correct

  2. Only 2 is correct

  3. Only 3 is correct

  4. All 1, 2 and 3 are correct

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The acceptance of the Indian Rupee in certain Asian markets implies easier trade settlement and reduced transaction costs for travelers and businesses, as it eliminates the need for intermediate currency conversion into USD.

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