Question

What is the primary objective of the Forex Correspondents Scheme introduced by the Reserve Bank of India?

A Boosting Stock Market Investments Correct Answer Incorrect Answer
B Enhancing Foreign Exchange Services Correct Answer Incorrect Answer
C Encouraging Cryptocurrency Transactions Correct Answer Incorrect Answer
D Facilitating Gold Imports Correct Answer Incorrect Answer
E Expanding Agricultural Export Financing Correct Answer Incorrect Answer

Solution

Explanation : The Forex Correspondents Scheme introduced by the RBI aims to enhance foreign exchange services and ease of doing business .

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