Question
What is the currency for conducting business by the
banking units as per the IFSCA (Banking) Regulations, 2020?Solution
Rule 10. Currency for conducting business A Banking Unit shall conduct such business in freely convertible foreign currencies and with such persons, whether resident or otherwise, as may be specified by the Authority. Provided that a Banking Unit may be permitted to conduct such business in INR with such persons, whether resident or otherwise, as may be specified by the Authority, subject to settlement of the financial transaction in relation to such business in freely convertible foreign currency.
A bond has a face value of ₹100, carries a coupon interest rate of 8%, and is currently trading in the market at ₹90. What is its current yield?
In the context of the Indian Renewable Energy Development Agency Limited (IREDA) receiving approval from the Department of Investment and Public Asset M...
What type of insurance will apply if a family member has broken his/her leg in an accident while on vacation in Singapore?
Which of the following organizations manages the pension fund for government employees in India?
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Job ___________ is the process of describing jobs and arranging their interrelationships.
According to the Union Budget 2023-24, consider the following statements.
1. Our current year’s economic growth i.e. FY23 is estimated to be...
Which of the following statements accurately describes the concept of "crowding out" in the context of fiscal policy?
What is the financial limit for loans under the MUDRA Scheme?
Calculate Net Profit Ratio:
A company fails to accrue wages for march that will be paid in April. The company’s year-end balance sheet liabilities:
