Question
SBI has an account with Citi Bank in USA. If Bank of
Baroda wants to use this account for a transaction, it is known as _______Solution
Loro account refers to a correspondent bank account that a domestic bank maintains in a foreign bank in the foreign currency and is used by a third bank. It means “Our account of their money with you”. A Loro account is a current account that is maintained by one domestic bank for another domestic bank in the form of a third party account, unlike nostro and vostro which is bilateral correspondence.
Under the Indian Contract Act, a collateral contract that involves an illegal object but is signed voluntarily by both parties is later disputed.
Which challenge was posed by Over-the-Top (OTT) services to the traditional Indian telecom services?
Maximum number of partners allowed in a partnership firm is:
Which of the following statement is true?
Minimum number of directors required in a public company is:
The registered office clause of memorandum of association contains
An "Agreement to sell" becomes a "Sale" when:
The doctrine of 'Ultra Vires' is applicable to:
What will be the P/V ratio for the firm with the following sales and profit during last two years:
Under the Companies Act, 2013, which document defines the relationship between the company and its members?
