Question
The Reserve Bank of India removed restrictions on
individuals from opening interest-earning Foreign Currency Accounts (FCA) in order to make India’s International Financial Services Centre (IFSC) more attractive under which it has removed the condition of repatriating any funds lying idle in the FCA account for a period of up to _______Solution
With an aim to make India’s International Financial Services Centre (IFSC) more attractive, the Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA). Further, the central bank removed the condition of repatriating any funds lying idle in the FCA account for a period of up to 15 days. In February 2021, the RBI allowed resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to IFSCs set up in India. However, the remittances were to be made only for making investments in IFSC securities. Moreover, only a non-interest-bearing FCA was allowed in IFSCs under LRS. And any funds lying idle in the account for a period up to 15 days from the date of its receipt were to be immediately transferred back to the domestic account of the investor in India.
X, Y and E can do piece of work in 24, 30 and 40 days respectively. All three began to work together but X and Y left 6 and 8 days respectively before c...
'X' and 'Y' can complete a certain job together in 36 days. They worked together for 20 days, after which 'X' left, and 'Y' completed the remaining work...
Working 10 hours a day, Jagan can complete a work in 12 days while working 8 hours a day, Magan can complete the same work in 9 days. If Jagan and Magan...
- Person A is twice as efficient as Person B. Person B can complete a certain task in 32 days, while Person C takes 4 days more than Person A to finish the s...
- 50% of the work done by Meena in 2 days is equal to 25% of the work done by Lata in 5 days. If Meena can complete the job alone in 10 days, then how long w...
A and B can complete a work together in 20 days. If A alone can complete one-fourth of the work in ‘x’ days and remaining work is completed by B alo...
A can complete a work in 20 days. B takes 10 days less than A to complete the same work. In how many days can both of them together complete 90% of the ...
Q can do a work in 15 days and R can do the two-third work done by P and Q together in a day. If R completes the work in 18 days, how many days will it ...
Rohan can finish a task alone in 24 days. Shreya can do 50% of the same task alone in 12 days. If Shreya and Tanya work together, they can complete 60% ...
A alone can complete 40% of a work in 18 days while B takes 15 days more than A to complete it. If B and C together can complete the work in 20 days, th...
