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      Question

      What is a 'Nostro'

      account?Β 
      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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