Question

How is a Banking Unit required to submit its report to the Authority?

A INR Correct Answer Incorrect Answer
B Rupees Correct Answer Incorrect Answer
C US Dollar Correct Answer Incorrect Answer
D Foreign currency Correct Answer Incorrect Answer
E Either a or b or c & d Correct Answer Incorrect Answer

Solution

US Dollar, Explanation: IFSCA (Banking) Regulations, 2020: Rule 15 Reporting requirements: (2)A Banking Unit shall submit reports to the Authority in US Dollar, unless otherwise specified by the Authority.

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