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      Question

      The Reserve Bank of India (RBI) has permitted banks from

      ______ countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees.
      A 12 Correct Answer Incorrect Answer
      B 14 Correct Answer Incorrect Answer
      C 16 Correct Answer Incorrect Answer
      D 18 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees.     These 18 nations include Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom.

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