Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent

Related MCQs

• Consider these statements:- Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI.
• Masala bonds are Indian rupee denominated bonds issued in offshore capital markets. The RBI has reduced the minimum tenure of such bonds that an Indian company can, issue to
• 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          
• Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
• RBI issue currency rupee notes on bases of                       .
• Whose signature is found on a 50 rupee currency note in India?
• An Indian rupee denominated bond issued outside India is called                  
• Rupee denominated bonds issues by Indian companies in order to raise funds offshore are called
• In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms.What is full form of ―LLP‖ as used in this reference?