The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchange Management (Deposit) Regulations, 2016.
In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, RBI put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Before putting in place this mechanism, AD banks shall require prior approval from the Foreign Exchange Department of Reserve Bank of India. In terms of Regulation 7(1) of Foreign Exchange Management (Deposit) Regulations, 2016, AD banks in India have been permitted to open Special Rupee Vostro Accounts. Accordingly, for settlement of trade transactions with any country, AD bank in India may open Special Rupee Vostro Accounts of correspondent bank/s of the partner trading country. The settlement through Indian Rupees (INR) is an additional arrangement to the existing system that uses freely convertible currencies and will work as a complimentary system. This will reduce dependence on hard (freely convertible) currency. Banks will need to take prior approval from RBI before opening a Special Rupee vostro account, unlike Rupee Vostro account.
Assam, Meghalaya, Tripura and Mizoram (P)/for the administration of tribal areas in(Q)/ the four north-eastern states of (R)/ The Sixth Schedule contain...
Which of the following is the third sentence of the passage?
Which of the following is the first sentence after rearrangement of the given paragraph?
Each question is divided into four parts a,b,c,d. In some questions they are not in the sequence so according to grammar and context re- arrangement is...
setting up isolation wards, procuring protective gear and vaccines, (A) /like mobilising diagnostic facilities, planning treatment protocols, (B)/ s...
Which of the following is the third sentence of the passage?
A. incidentally, it is family more often than
B. you learn life’s lessons through hard knocks
C. the disapproving looks of family <...
Which is the SIXTH (LAST) sentence of the paragraph after rearrangement?
Which of the following will be the THIRD sentence after the rearrangement?
In each question below, a sentence is given with an idiom/phrase printed in bold type. That part may contain a grammatical error. Each sentence is follo...