Question
Consider the following statements regarding Mashreq
Bank’s entry into GIFT City: 1. Mashreq Bank is the first UAE-based bank to receive in-principle approval to open an International Financial Services Centre Banking Unit (IBU) in GIFT City, Gujarat. 2. The regulatory approval for setting up an IBU in GIFT City is granted by the Reserve Bank of India (RBI). 3. The branch will provide services such as foreign currency loans, trade finance, and treasury solutions. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: Mashreq Bank has become the first UAE-based bank to receive in-principle approval (IPA) to establish an International Financial Services Centre Banking Unit (IBU) in GIFT City, Gujarat. • Statement 2 is incorrect: Regulatory clearance for IBUs in GIFT City is provided by the International Financial Services Centres Authority (IFSCA), not the RBI. • Statement 3 is correct: The GIFT City unit will offer foreign currency loans, trade finance solutions, and treasury/risk management products. Thus, the correct answer is (c) 1 and 3 only.
The amount of data stored (A)/were so vast that (B)/even if we put a number on it, (C)/it would be beyond our comprehension (D).
Find the erroneous part of the given sentence. If none of the parts contains error, mark ‘No Error’ as your answer.
The company's sales tea...
Good people will make good laws (a) / but good laws passed by a few does not (b) / necessarily make a good society (c) / No Error (d)Â
Born on December 17, 1924 he studied at Chennai’s R.S. High School, after which he joins Presidency College.
Identify the erroneous part of the sentence.
The officer asked / whether I could explain / why had I left / the meeting early.
It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
(A) to ensure economic stability
(B) interest rates may be adjusted
(A) the central bank is monitoring inflation rates,
(i) since
(ii) as
(iii) however
In Delhi, he (a)/ suddenly came across many (b)/ of his friends who had settled there. (c) / No Error (d)
Each sentence is divided into four parts (A), (B), (C), and (D).
Find the part that contains the error. If there is no error, choose (D) as yo...
Read each sentence to find out whether there is any grammatical or idiomatic error. The error, if any, will be in one part of the sentence. The number ...
