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      Question

      The Reserve Bank of India and Bank of England has signed

      a memorandum of understanding. What is the  recent development that has occurred between the Reserve Bank of India (RBI) and the Bank of England (BoE)?
      A Signing a trade agreement Correct Answer Incorrect Answer
      B Establishing a framework for cooperation Correct Answer Incorrect Answer
      C A dispute over financial regulations Correct Answer Incorrect Answer
      D Imposing sanctions Correct Answer Incorrect Answer
      E Currency exchange negotiations Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India and Bank of England has signed a memorandum of understanding which will end the imbroglio over British banks’ participation in Indian bonds and derivative market. The MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK financial stability.

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