Question
In order to settle an international trade in Indian
rupee, an AD bank needs to open ______________ of correspondent bank/s of the partner trading country, with prior approval of the RBI.Solution
With effect from July 11, 2022, RBI put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR, in 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. For putting in place this mechanism, AD banks shall require prior approval from the RBI. In this context, AD bank in India may open Special Rupee Vostro Accounts of correspondent bank/s of the partner trading country.
The Finance Minister of India Shri Arun Jaitely, in the union budget proposed to setup CERT - Fin for aiming financial security under the high...
Which of the following states of India will host the 2023 Men's Hockey World Cup?
Cricketer Zaheer Khan was awarded the ______ in 2020.
In the early nineteenth century, who demonstrated that there are fourteen space lattices, or regularly repeating arrangements of points in space, that d...
Who among the following founded the city of Jaunpur?
_______ is the irrigation method suitable for undulating lands and sandy soils.
Head Quarter of “Bandhan Bank” is located in?
Which of the following Statements is/are CORRECT about Aravalli Green Wall Project?
1. Union Minister Shri Bhupender Yadav on 25th March 2023 lau...
Who among the following was awarded Padma Vibhushan 2023 in the field of Art?Â
The Treaty of Mangalore was signed between Tipu Sultan and the British East India Company in the year _______.
Relevant for Exams:
