Question
Recently, which ministry has allowed HDFC Bank, Axis
Bank and ICICI Bank to provide financial services in overseas procurement?Solution
- These private banks will provide Letter of Credit and direct bank transfer business for overseas procurement by the defence ministry. These banks may be allocated with LC business of Rs 2,000 crore, each on the capital and revenue side, for one year on concurrent basis (Rs 666 crore for each bank under both capital, as well as revenue).
- Until now, only authorised public sector banks were allowed to provide these services to the defence ministry.
Which of the following are part of transfer payments?
1. Remittances received by people residing in India
2. Imported Petro-Chemical pr...
Which state celebrated “Utkal Day ”
Two successive discounts of 40% and 60% on a deal are equivalent to a single discount of:
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I. NRI deposits in India are counted as a part of the cu...
Which of the following options represents metals that do NOT react with cold water?
A solution of vinegar (acetic acid) has a pH of around 3. If the hydrogen ion concentration [H⁺ ] in the solution is increased 1000 times, what will b...
Who among the following introduced the celebration of Ganesh Chaturthi and Shivaji Festivals to bring the Indian society together and inspire patriotic ...
Which of the following provisions is/are not correct in regards to the Mountbatten Plan?
Which of the following option is incorrect about the “PM- POSHAN Scheme”?
How many autosomes will be present in a sexually reproducing organism with the chromosome number 2n = 18?
