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.
The ten per cent reservation in central government jobs under economically weakersections (EWS) category is available to the persons whose family inco...
Who among the following is the future Buddha that is yet to come?
Which day is observed on 11th July?
When will the IAF conduct "Exercise Vayu Shakti-2024," and what platforms will be showcased for the first time in the exercise?
Which of the following is the green algae?
Which of the following states/UTs has the first 100% fully digital literate Panchayat in India?
Which agricultural science deals with methods to provide a favourable environment to crops for higher productivity?
The Supreme Court ruled in the Kesavananda Bharati case of _________ that the Preamble is a constituent of the Constitution.
Who was sworn in as the Governor of Chhattisgarh in February 2023?
In the game of Ice hockey, during normal play how many players are there in each team on the ice at any one time to compete?
Relevant for Exams:
