Question
The RBI removed the prior approval requirement for
non-bank entities (fintechs) to form tie-up arrangements enabling outward remittance services through banks. Under which previous framework was such approval mandated?Solution
Under the previous 2016 framework, non-bank entities were mandated to obtain RBI approval before entering into tie-up arrangements with Authorised Dealer Category-I banks for outward remittance services. The updated framework will apply to cross-border outward remittance of funds for non-trade current account transactions facilitated via websites, online platforms, and mobile apps operated by third-party entities.
Which of the following is the correct definition of 'polymorphism' in Object-Oriented Programming?
Which SQL keyword is used to sort the result set?
Which of the following prevents inheritance in C++?
Which of the following is used to eliminate redundancy and anomalies in a database?
Which OOP principle allows a single interface to represent different underlying forms or data types?
The concept of "data hiding" is primarily achieved through which OOP principle?
Which of the following correctly describes the concept of 'encapsulation' in OOP?
A primary key in a table:
The result of a Cartesian product of two relations R and S will have:
In C++, if a base class has a virtual function, and a derived class overrides that function, which mechanism ensures that the correct derived class func...
