Question
General Insurance Corporation of India (GIC) was
established in:Solution
Explanation: The correct answer is B. 1973. GIC was established in 1973 to oversee and control the general insurance business in India.
IMF describing India’s FX regime as “crawl-like” rather than purely floating implies ______​
According to the Interest Rate Parity (IRP) theory, if the 1-year risk-free interest rate in India is 10% and the 1-year risk-free interest rate in ...
What is meant by 'Deficit Monetization'?Â
The primary function of the foreign exchange market in an open economy is to:​Â
A SEBI-regulated entity performing cross-border transactions uses a BIC (Business Identifier Code), commonly known as a SWIFT Code. In an 8 or 11-chara...
A SEBI-registered Infrastructure Investment Trust (InvIT) plans to raise funds by issuing Masala Bonds in the London market. Which of the following re...
A company based in the United States is expecting to receive a payment of 10 million euros in next two months. The company is concerned about the fall i...
When a country devalues its currency to improve its trade balance, the J-Curve effect suggests that the trade deficit will initially worsen before i...
The Marshall-Lerner Condition explains the requirement for a currency devaluation to successfully improve a country's trade balance in the long run. A...
An Indian importer observes the following quotes in the interbank market:
- Direct Quote in India:Â 1 USD = â‚ą83.50
