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Banks deal in Forex market and so have to maintain stocks of foreign currencies in the form of bank accounts with their overseas branches / correspondents. It refers to an account that a domestic bank holds in a foreign currency in foreign bank. Nostros, a term derived from the Latin word for “ours,” are frequently used to facilitate foreign exchange and trade transactions. Nostro A/C (our account with you) – is a current account maintained by a domestic bank (say SBI) with a foreign bank (say Citi Bank) in a foreign country.
Which of the following statements about the functions of the State Finance Commission is/are correct?
1. It reviews the financial position of the...
The work for which Sindhi poet and writer Vasdev Mohi won the Saraswati Samman for the year 2019 is titled:
The Central Universities (Amendment) Bill, 2022 was passed in Lok Sabha in ________.
Which of the following organisations was established in 1885?
Which of the following is NOT a 'Maharatna' status company?
________ river has the least storage capacity of usable water.
Which of the following sites of Indus Valley Civilization is located in Punjab (India)?
Ural mountain and Ural river separates Europe from _____________.
According to the Economic Survey Report of 2017- 18, what was the GST(Goods and Service Tax) weighted average collection in (%) ?
With which of the following, Ministry of Defence, on March 29, 2023, signed contracts to give another boost to 'Aatmanirbharta' in defence?
1...