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Direct quote is when foreign currency is fixed and Indian rupee are variable (i.e. 1USD = Rs.76). Indirect quote is when foreign currency is variable and Indian Rupee is fixed (i.e. Rs.100= USD 1.32). In India, direct quotes are quoted for INR.
With reference to the concept of ‘Helicopter money’, consider the following statements:
1. It refers to non-repayable money transfer from the...
What are the two core areas of research for the International Centre of Excellence for Dams (ICED), IISc Bangalore?
What is the objective of the ‘Palna’ scheme under the Ministry of Women and Child Development?
Who is the author of the book "How the Earth Got Its Beauty"?
India's economy is projected to growth according to IMF:
1) India's economy is projected to grow at 6.3 percent in FY 24.
2) India's econo...
What is the SLR (Statutory Liquidity Ratio) requirement (as a percentage of NDTL) for Payment Banks?
The international climate change summit COP27 was held in which country?
What is the name of the advanced 5th generation battle tank introduced by the Israeli Defense Ministry?
How many new districts, including Meluri, have been created in Nagaland over the last three years?
When was the ‘Earth Hour 2022’ observed this year?
