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      Question

      Which of the following two Russian Banks are the first

      lenders to receive approval from the RBI towards settling international trade transactions in rupee?
      A Sberbank Correct Answer Incorrect Answer
      B VTB Bank Correct Answer Incorrect Answer
      C Moscova Bank Correct Answer Incorrect Answer
      D Both A and B Correct Answer Incorrect Answer
      E Both B and C Correct Answer Incorrect Answer

      Solution

      Russia’s two largest banks — Sberbank and VTB Bank — are the first foreign lenders to have received approval from the RBI towards settling international trade transactions in rupee.

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