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.
Average of four numbers is 20. Sum of smallest and largest number is 50. If difference between other two numbers is 2, then find the square of second sm...
The average age of a class of 24 girls is 15 years. If 6 new girls having average age of 10 years join the class, then the average age of the class beco...
- Average weight of a group of ‘x’ people increased by 2 kg, when a person weighing 68 kg joined the group, while the average weight increased by 3 kg wh...
A class of 30 students appeared in a test. The average score of 12 students is 80, and that of the rest is 75. What is the average score of the class?
The batting average for 40 innings of a cricket player is 50 runs. His highest score exceeds his lowest score by 172 runs, If these two innings are excl...
The average age of Renu and Rekha after three years will be 30 years, while the average age of Priya and Renu is currently 32 years. Additionally, the a...
The average of 6 numbers is 25. If the sum of the first 5 numbers is 110, find the 6th number.
The average of five even numbers is 62. If we replace two of these even numbers, 84 and 92, with a single even number X, the new average decreases by 4....
Find the average of all the numbers between 9 and 31, which are divisible by 5?
The average number of balloons distributed among five kids is 9. If each kid received 1 balloon more than the kid before, then find the highest number o...
