Question
A current account maintained by a domestic bank with a
foreign bank, in a foreign country is known as?Solution
Banks deal in Forex market and so have to maintain stocks of foreign currencies in the form of bank accounts with their overseas branches / correspondents. It refers to an account that a domestic bank holds in a foreign currency in foreign bank. Nostros, a term derived from the Latin word for “ours,” are frequently used to facilitate foreign exchange and trade transactions. Nostro A/C (our account with you) – is a current account maintained by a domestic bank (say SBI) with a foreign bank (say Citi Bank) in a foreign country.
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All red are orange.
Conclusions: ...
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
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All monitors are modems.
Some modems are keyboards.
Conclusions: I. Some keyboards are no...
Statements: a. All spoons are forks.
b. All plates are forks.
c. All forks are bowls.
Conclusion...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be ...
Statements:
Only year is month
No year is week
Some week are days
Conclusion:
I. Some days can be month
II. Some days are not year
III. Some week are month
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All Table are Chair
Some Chair are woods
Some woods are Watch
All watch are metals
Conclusions :
<...Statement:
Only a few Hills are River.
No River are Sea.
Conclusion:
I. Some Hills are not Sea.
II. Some Hills...
Statement : Some letters are alphabets.
All alphabets are words.
Some ...
