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With reference to the Vostro account, consider the following statements:1. Indian importers can pay for their imports in INR into Vostro account.2. A Vostro account is an account that a correspondent bank holds on behalf of another bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Vostro account, consider the following statements:1. Indian importers can pay for their imports in INR into Vostro account.2. A Vostro account is an account that a correspondent bank holds on behalf of another bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Vostro account, consider the following statements:1. Indian importers can pay for their imports in INR into Vostro account.2. A Vostro account is an account that a correspondent bank holds on behalf of another bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

Solutions for With reference to the Vostro account, consider the following statements:1. Indian importers can pay for their imports in INR into Vostro account.2. A Vostro account is an account that a correspondent bank holds on behalf of another bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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