If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India ? 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 :
a
1 only
b
1 and 2 only
c
3 only
d
1, 2 and 3
Indian EconomyGlobal Financial Crisis - India's Resilience / External Sector Managementglobal financial crisisimmunityshort-term foreign borrowingsforeign banksfull capital account convertibilityexternal shocks