Question
The exchange rate risk is absorbed by which of the
following under FCNR Deposit scheme?Solution
FCNR accounts are protected against forex rate risks (changes in the value of rupee vis-a-vis the currency in which the account is denominated) as they are maintained in a foreign currency. In other words, the principal and the interest are transferred in the currency in which the account is maintained sans any loss of exchange. The forex risk is therefore absorbed by the bank.
In May 2021, the government had raised the FDI limit in the insurance sector to 74% from _________ .
Which of the following planets has moons called âOpheliaâ and âPuckâ which have been named after characters from William Shakespeareâs works?<...
Which of the following errors is not detected by Trial Balance?
Which among following statements about Satpura Range is/are correct?
1. Mountain Range Satpura and Vindhya Found in the Eastern part of India.
The Airport Authority of India(AAI) started a scheme to encourage the talent of women, artisans and craftsmen and provide them with the right ...
The âPulitzer Prizeâ is associated with:
How many members of the State Legislative Council are nominated by the Governor?
Which of the following statement is/are INCORRECT about the announcement made by Central Government in November 2023 regarding modification to Senior Ci...
Which gharana is NOT associated with âKhayalâ music?
Select the odd number from the given alternatives:
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