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    Question

    What is a 'Nostro'

    account? 
    A A foreign bank's account with an Indian bank in INR. Correct Answer Incorrect Answer
    B An Indian bank's account with a foreign bank in foreign currency. Correct Answer Incorrect Answer
    C A local account maintained by an NRI. Correct Answer Incorrect Answer
    D A specialized account for gold trading. Correct Answer Incorrect Answer
    E A joint account between two foreign entities. Correct Answer Incorrect Answer

    Solution

    "Nostro" comes from the Latin for "Ours." It is our account with you.

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