Start learning 50% faster. Sign in now
The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memoranda of Understandings (MoUs) to establish a framework to promote settle bilateral trade in respective local currencies, that Indian Rupee and UAE Dirham (AED) and interlinking payments and messaging system. The second MoU on payments and messaging systems has three components. o The first one is to link each country’s Fast Payment Systems (FPSs) – India's Unified Payments Interface (UPI) and UAE's Instant Payment Platform (IPP). The UPI-IPP linkage will enable the users in both countries to make fast, convenient, safe, and cost-effective cross-border funds transfers. o The second component is linking the respective card Switches RuPay and UAESwitch. The linking of Card Switches will facilitate the mutual acceptance of domestic cards and the processing of card transactions. o Third component is to have a direct messaging system between India and UAE, by linking India’s India's Structured Financial Messaging System (SFMS), with the UAE's messaging system. The linkage of messaging systems is aimed to facilitate bilateral financial messaging between the two countries, bypassing the SWIFT messaging system.
The problem given below consists of a question and two statements numbered I and II. You have to decide whether the data provided in the statements are ...
Which Amendment of the Constitution of India envisages the Gram Sabha as the foundation of the Panchayat Raj System to perform functions and powers entr...
A shirt is marked 40% above the cost price and sold after a discount of Rs.108 at Rs.452. Find the cost price of the shirt.
In India, the accounting standard board was set up in the year
Which of the following will turn blue litmus red ?
A and B enter into partnership. A invests some money at beginning, B invests thrice the amount after 8 months and C invests double the amount after 5 mo...
Bhed Mata Mela is associated with which animal?
Which of the following statements is/are not true in regards to 68th National Film Awards?
Under which of the following circumstances may the Securities Transaction Tax arise?
1. Profits are made on a certain security
2. Compa...
To which dynasty did Gautamiputra Satakarni belong?