Answer-What is a 'Green Deposit'?

A green deposit means an interest-bearing deposit received by a bank for a fixed period, the proceeds of which are earmarked for allocation towards green finance.

Question

What is a "Green

Deposit"?

A A deposit account used solely for making online digital transactions.

B A zero-interest checking account meant for non-governmental organizations.

C An interest-bearing deposit received for a fixed period whose proceeds are earmarked for green finance.

D A cryptocurrency-backed deposit held in international banking units.

E A cash deposit made at a bank using recycled paper currency.

Practice Next

More Financial Management Questions

Which of the following actions is NOT permitted in the issuance of Commercial Paper (CP) and Non-Convertible Debentures (NCDs) with a maturity of up to ...
Regarding the secured portion, what is the provisioning requirement for an advance that has remained in the 'doubtful' category for one to three years?
Under Basel III norms, which risk is not directly covered?
In which of the following activities do merchant banks typically participate but investment banks generally do not?
According to the Companies Act, 2013, IIFCL’s status as a notified "Public Financial Institution" is governed by ____________.
Who regulates the insurance sector in India?
According to the regulatory guidelines, which of the following is an eligible green project under the "Water & Waste Management" category?
Which of the following models can be used to calculate the value of call and put option?
The NPCI (National Payments Corporation of India) is responsible for operating:
Which of the following is a feature of Funded Interest Term Loan (FITL)?

What is a "Green

Solution