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      Question

      The Software FET-ERS V 6.2 has been developed by the

      Department of Statistical Analysis & Computer Services (DESACS) RBI to expedite the compilation of _____.
      A Compilation of balance of payments Correct Answer Incorrect Answer
      B Monetary Policy Correct Answer Incorrect Answer
      C Fiscal Policy Correct Answer Incorrect Answer
      D Banking and Financial statistics Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Reserve Bank of India introduced an electronic reporting system for foreign exchange transactions in October 1997. At present FET-ERS V 5.0 is in use and the latest version of the package (i.e.FET-ERS V 6.2) is being introduced. The purpose and country details of sale and purchase transactions are required for compilation of balance of payments.

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