Question
Under the RBI’s cross-border payment draft, how often
must real-time nostro reconciliation be carried out by banks?Solution
The RBI’s draft circular to improve cross-border payment efficiency mandates that real-time nostro reconciliation must be performed every 30 minutes. This requirement aims to reduce settlement delays from end-of-day processes, ensuring faster crediting of inward remittances.
Which of the following is NOT an example of manufacturing activity?
Which of the following is a system that powers multiple bank accounts into a single mobile application (of any participating bank)?
Which of the following is the defining characteristic of a pure public good that leads to the classic free-rider problem and market failure?
Banks to Transfer ____ NPA Accounts worth Over Rs 50,000 crore to NARCL in FY22 .
Which committee recommended the introduction of the Financial Stability and Development Council (FSDC) in India?
_____ Invests USD 150 million in Development of Data Centres Serving in Asia.
BSE and National Stock Exchange have imposed a fine of Rs 5.36 lakh each on __________for not having the required number of independent directors includ...
Who was the first president of Asian Development Bank (ADB)?
Consider the following statements about National Payments Corporation of India:
1. It is a “Not for Profit” Company.
2. A properly des...
Which regulatory body oversees the securities market in India?
