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    Question

    What is the key purpose of the MoU signed between RBI and

    the Bank of Mauritius (BOM)?
    A To allow direct currency swaps between INR and MUR Correct Answer Incorrect Answer
    B To promote the use of local currencies for bilateral transactions Correct Answer Incorrect Answer
    C To launch a digital currency for cross-border payments Correct Answer Incorrect Answer
    D To facilitate RBI's investments in Mauritian banks Correct Answer Incorrect Answer
    E To regulate cryptocurrency exchanges in both countries Correct Answer Incorrect Answer

    Solution

    RBI and the Bank of Mauritius signed an MoU to promote the use of INR and MUR for bilateral transactions, reducing costs and settlement time.

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