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      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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