Question
Under which act are hawala transactions prohibited in
India?Solution
Hawala, as it is referred to in the Middle East and South Asia, was commonly used before the advent of modern western banking services. It is essentially an alternative remittance system that facilitates a transfer of money across international borders.
Consider the following Statements.
Assertion (A): Education enables a person to grab the economic opportunity.
Reason (R): The major det...
The Reserve Bank of India observed ______________, 2022 as Financial Literacy week 2022.
How do NBFCs contribute to the economic development of the country?
With reference to Pradhan Mantri Fasal Bima Yojana, consider the following statements:
1. Under this scheme, farmers will have to pay a uniform p...
Which of the following Organisation collaborated with the Ministry of MSME and Energy Efficiency Services Ltd to Implement Energy efficiency Project in ...
The first Masala Bonds was issued by the International Finance Corporation (IFC) in which of the following year?
India has announced financial assistance of USD ____________ loans to Sri Lanka to help the country in building up its depleted foreign reserves and for...
An online service for the verification of identity and submission of life certificates for pensioners of the state government being launched by the stat...
Who has been appointed as the head coach of the Nepal National Cricket Team?
With reference to the North Atlantic Treaty Organization (NATO), consider the following statements:
I.NATO is a political and military alliance.<...
