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    Question

    Foreign Bank as per the IFSCA (Banking) Regulations,

    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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