Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowIn order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, RBI put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Before putting in place this mechanism, AD banks shall require prior approval from the Foreign Exchange Department of Reserve Bank of India. In terms of Regulation 7(1) of Foreign Exchange Management (Deposit) Regulations, 2016, AD banks in India have been permitted to open Special Rupee Vostro Accounts. Accordingly, for settlement of trade transactions with any country, AD bank in India may open Special Rupee Vostro Accounts of correspondent bank/s of the partner trading country. The settlement through Indian Rupees (INR) is an additional arrangement to the existing system that uses freely convertible currencies and will work as a complimentary system. This will reduce dependence on hard (freely convertible) currency. Banks will need to take prior approval from RBI before opening a Special Rupee vostro account, unlike Rupee Vostro account.
Which of the following theory presents how people take decision when presented with alternatives that involve risk, probability, anduncertainty?
What is the purpose of evaluating the feasibility of possible solutions?
What do we call a group brought together from different functions and levels of an organization to consider ways in which the organization's activities ...
Which of the following is not a constraint(s) under Bounded rationality that lead to a satisficing decision?
How does feedback play a role after making a decision?
The synectics technique of problem solving that focuses on innovative and creative ideas to arrive at a consensus solution, was given by _____
What is the first step in the decision-making process?
Which of the following style of decision-making is likely to conflict with bounded rationality theory?
An Autocratic leader is likely to use which of the following type of decision making technique?
What is a potential drawback of relying solely on intuition when identifying possible solutions?