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    Question

    What is the main objective of the Memorandum of

    Understanding (MoU) signed between RBI and Bank Indonesia regarding local currencies?
    A Enhancing cybersecurity measures Correct Answer Incorrect Answer
    B Promoting cultural exchange Correct Answer Incorrect Answer
    C Facilitating cross-border transactions using INR and IDR Correct Answer Incorrect Answer
    D Establishing a joint central bank Correct Answer Incorrect Answer
    E Creating a unified currency for trade Correct Answer Incorrect Answer

    Solution

    The MoU aims to promote the use of local currencies (Indian Rupee and Indonesian Rupiah) for cross-border transactions, facilitating invoicing and payments in domestic currencies.

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