Question
What is the limit on the amount of money for trade
related transactions under RDA?Solution
Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. This scheme is not used for cross-border outward remittances from India. There is no limit on the remittance amount as well as on the number of remittances. However, there is an upper cap of Rs.15.00 lakh for trade related transactions. No cash disbursement of remittances is allowed under RDA. The remittances have to be credited to the bank account of the beneficiary.
Which of the following is/are key policy rates used by RBI to influence interest rates?
A).Bank Rate and Repo Rate
B).Reverse Repo Rate
C).CRR and SLR
“Where India Banks” is the tagline of ____________ .
IFRS stands for _______
Which committee is related to the Reforms related to Non-Banking Financial Companies (NBFC)?
India Post Payment Bank became the __________ payment bank of India.
Which of the following is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed rate until the expiry date?
Find which one word cannot be formed from the given letters of the word.
‘ SUPERSONIC ’
...Which of the following is not the function of ATM?
The first RRB was set up at
What is Universal Banking?
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