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    Question

    How is a Banking Unit required to submit its report to

    the Authority?
    A INR Correct Answer Incorrect Answer
    B Rupees Correct Answer Incorrect Answer
    C US Dollar Correct Answer Incorrect Answer
    D Foreign currency Correct Answer Incorrect Answer
    E Either a or b or c & d Correct Answer Incorrect Answer

    Solution

    US Dollar, Explanation: IFSCA (Banking) Regulations, 2020: Rule 15 Reporting requirements: (2)A Banking Unit shall submit reports to the Authority in US Dollar, unless otherwise specified by the Authority.

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