Question
How can global financial centers (GFCs) contribute to
capital account convertibility?Solution
Providing a platform for cross-border financial transactions: GFCs often offer a wide range of financial services, including foreign exchange, trade finance, and international payment systems, that facilitate cross-border financial transactions. These services can help to make it easier and more efficient for individuals and institutions to move capital across borders, reducing transaction costs and increasing the speed and volume of cross-border flows.
Which financial institution raised ₹6,252 crore through bonds in the recent bond market activity?
With reference to ‘Smart Bandage’, consider the following statements:
1.It consists of integrated biosensors, soft drug loaded hydrogels and ...
Which dynasty and capital is revealed in the Taleshwar copper plate?
What is the revised additional capital buffer requirement for SBI starting April 1, 2025, as per the RBI’s D-SIB framework?
Consider the following statements:
1.The cave paintings at Ajanta and Ellora are one of the earliest evidences of fresco paintings.
2.The ...
Consider the following pairs:
Under which article of the Indian Constitution was the GST Council established?
Consider the following statements about Finance Commission:
1. It is set up by Finance Ministry
2. It consists of a chairman and four...
Which non-technology company first reached a market value of $1 trillion in August 2024?
On which date did India assume the presidency of the G20, marking the beginning of its G20 Presidency?
