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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