Question
Based on the definition of foreign exchange under the
FEMA Act, which of the following is not considered as foreign exchange?Solution
Section 2 Definitions: (n) “foreign exchange” means foreign currency and includes— (i) deposits, credits and balances payable in any foreign currency, (ii) drafts, travellers cheques, letters of credit or bills of exchange, expressed or drawn in Indian currency but payable in any foreign currency, (iii) drafts, travellers cheques, letters of credit or bills of exchange drawn by banks, institutions or persons outside India, but payable in Indian currency.
Which bank has introduced a 175-day tenor fixed deposit at an interest of 7.50 per cent per annum for deposits of â‚ą2 crore & above to less than Rs.50 ...
What is the projected value of India's bioeconomy by 2030?
Which is the weighted average of a country's currency against an index or basket of other relevant currencies?
What is the purpose of International Financial Reporting Standards (IFRS)?
RBI granted Scheduled Payment Bank Status to Airtel Payments Bank, now APB is listed in 2nd schedule of _______?
India became a party to the World Health Organization (WHO) on which of the following year?
Which of the following is a key component of Basel III regulations?
What is the primary function of the RBI?
The quorum for the meeting of the monetary policy committee (MPC) is ____ members.
Which of the following bank renamed and nationalised as the State Bank of India in 1955?
