A foreign currency account maintained by a bank abroad is its

Related MCQs

• Devaluation which means fall in value of domestic currency in terms of foreign currency takes place in
• The exchange rate at which demand for foreign currency becomes equal to its supply, is called
• Under fixed exchange rate system, the currency rate in the market is maintained through
• Other things remaining the unchanged, when in a country the price of foreign currency rises, national income is:
• Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely
• Other things remaining unchanged, when in a country the price of foreign currency rises, national income is
• Demand for foreign currency depends upon:
• Which function of foreign exchange market protects against the foreign exchange risk?
• Which of the following is true about the restrictions on RBI? (i) It is not to compete with the commercial banks. (ii) It is not allowed to pay interest on its deposits. (iii) It cannot engage directly or indirectly in trade. (iv) It cannot acquire or advice loans against immovable property. (v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
• The Industrial Credit and Investment Corporation of India (ICICI) was established as a private sector development bank at the initiative of the World Bank in