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.
From which Constitution, the ideals of freedom, equality and brotherhood given in the preamble of our Constitution have been taken?
Bori Wildlife Sanctuary is in which district?
Prabha Atre is a renowned person in which field?
Identify the organism that is NOT a pseudocoelomate.
Kalamkari, the traditional art of hand paintings on fabric, originated in which of thefollowingstates ?
What percentage stake did the Indian government plan to dilute in GIC Re through its Offer for Sale (OFS)? Â
Who among the following serves as the Guardian of Fundamental Rights?
Identify a type of season that is NOT a part of the four seasons of India.
Which one of the following schemes is not a Social Security Scheme under the Unorganised Workers' Social Security Act, 2008?
As new gold hallmarking mandatory guidelines, which carat gold requires a hallmark of 916?
Relevant for Exams:
