is an account maintained in foreign currency with an Authorised Dealer Bank.

Related MCQs

• The Rate at which the domestic currency can be converted into foreign currency and vice versa is called as               
• The Rate at which the domestic currency can be converted into foreign currency and viceversa is known as the          
• Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent
• term refers an account that cannot be converted and repatriated into foreign currency.
• Exchange Earners Foreign Currency (EEFC) Account provides              
• What is the ―USP‖ in a Savings Bank account of a Bank over another Bank?
• Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on ?
• Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by              
• With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country             
• CASA is basically the combination of Current account and saving account deposits with a Bank. Why do the Banks put greater emphasis on mobilizing a high CASA ratio?