Foreign Bank as per the IFSCA (Banking) Regulations,

Rule 2 d Foreign Bank means a banking company incorporated or established outside India.

2020 means____________________

A A banking company incorporated outside India Correct Answer Incorrect Answer

B A banking company established outside India Correct Answer Incorrect Answer

C A banking company incorporated inside India Correct Answer Incorrect Answer

D Either a b or c Correct Answer Incorrect Answer

E Either a or b Correct Answer Incorrect Answer

Solution

Rule 2 (d) “Foreign Bank” means a banking company incorporated or established outside India.

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