If another global financial crisis happens in the near future, which of the following action/policies are most likely to give some immunity to India?

Question

If another global financial crisis happens in the near future, which of the following action/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 account full
3. Maintaining capital convertibility
Select the correct answer using the code given below:

Accepted Answer

(A) 1 only

Answer

(B) 1 and 2 only

Answer

(C) 3 only

Answer

(D) 1, 2 and 3