As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR andlsquo;Aandrsquo; and FCNR andlsquo;Bandrsquo;.Q. Which of the following is/are true regarding these two schemes?1. Under scheme andlsquo;Aandrsquo; RBI bears exchange rate fluctuations.2. Under scheme andlsquo;Bandrsquo; other banks are to meet out the difference in exchange rate fluctuations.3. Both the schemes stand withdrawn now.4. Only scheme andlsquo;Aandrsquo; has been withdrawnCodes:a)3 onlyb)1 and 2c)1, 2 and 3d)1, 2 and 4Correct answer is option 'D'. Can you explain this answer?

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As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR ‘A’ and FCNR ‘B’.

Q. Which of the following is/are true regarding these two schemes?
1. Under scheme ‘A’ RBI bears exchange rate fluctuations.
2. Under scheme ‘B’ other banks are to meet out the difference in exchange rate fluctuations.
3. Both the schemes stand withdrawn now.
4. Only scheme ‘A’ has been withdrawn
Codes:

a)
3 only
b)
1 and 2
c)
1, 2 and 3
d)
1, 2 and 4

Correct answer is option 'D'. Can you explain this answer?

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As part of the liberalization programmer and with a view to attract fo...

FCNR ‘B’ – Foreign Currency Non-Resident (bank) Account

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As part of the liberalization programmer and with a view to attract fo...

And FDI. The FCNR (Foreign Currency Non-Resident) scheme allows non-resident Indians to deposit foreign currency in designated accounts, which are denominated in Indian rupees. This scheme offers competitive interest rates to attract foreign exchange and encourage non-resident Indians to invest in India.

On the other hand, FDI (Foreign Direct Investment) is a scheme that allows foreign companies or individuals to invest in Indian businesses or industries. This scheme aims to attract foreign capital, technology, and expertise to promote economic growth and development in India. FDI can be in the form of equity investments, joint ventures, or collaborations with Indian companies.

Both the FCNR and FDI schemes are part of the government's efforts to liberalize the economy and attract foreign exchange. These schemes provide opportunities for non-resident Indians and foreign investors to contribute to India's economic growth and development.

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As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR ‘A’ and FCNR ‘B’.Q. Which of the following is/are true regarding these two schemes?1. Under scheme ‘A’ RBI bears exchange rate fluctuations.2. Under scheme ‘B’ other banks are to meet out the difference in exchange rate fluctuations.3. Both the schemes stand withdrawn now.4. Only scheme ‘A’ has been withdrawnCodes:a)3 onlyb)1 and 2c)1, 2 and 3d)1, 2 and 4Correct answer is option 'D'. Can you explain this answer?

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As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR ‘A’ and FCNR ‘B’.Q. Which of the following is/are true regarding these two schemes?1. Under scheme ‘A’ RBI bears exchange rate fluctuations.2. Under scheme ‘B’ other banks are to meet out the difference in exchange rate fluctuations.3. Both the schemes stand withdrawn now.4. Only scheme ‘A’ has been withdrawnCodes:a)3 onlyb)1 and 2c)1, 2 and 3d)1, 2 and 4Correct answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR ‘A’ and FCNR ‘B’.Q. Which of the following is/are true regarding these two schemes?1. Under scheme ‘A’ RBI bears exchange rate fluctuations.2. Under scheme ‘B’ other banks are to meet out the difference in exchange rate fluctuations.3. Both the schemes stand withdrawn now.4. Only scheme ‘A’ has been withdrawnCodes:a)3 onlyb)1 and 2c)1, 2 and 3d)1, 2 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for As part of the liberalization programmer and with a view to attract foreign exchange, the government and the RBI have, devised two scheme known as FCNR ‘A’ and FCNR ‘B’.Q. Which of the following is/are true regarding these two schemes?1. Under scheme ‘A’ RBI bears exchange rate fluctuations.2. Under scheme ‘B’ other banks are to meet out the difference in exchange rate fluctuations.3. Both the schemes stand withdrawn now.4. Only scheme ‘A’ has been withdrawnCodes:a)3 onlyb)1 and 2c)1, 2 and 3d)1, 2 and 4Correct answer is option 'D'. Can you explain this answer?.

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