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The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer?.

Solutions for The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The Centre has made changes to the Foreign Trade Policy to enable trade settlement in the Indian Rupee. With this amendment, invoicing, payment, and settlement of trade can now take place in the Indian currency. Accordingly, benefits/incentives/fulfilment under the Foreign Trade Policy will be extended for realisations in Indian Rupees as per the RBI guidelines. “Given the rise in interest in the internationalisation of the Indian Rupee, the given Policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees,”What is the definition of a Special Vostro Account according to the RBI guidelines on International Trade Settlement (ITS)?a)A bank account in India used for receiving payments denominated in Rupeeb)A bank account in a foreign country used for receiving payments denominated in Rupeec)A bank account in a foreign country used for receiving payments denominated in the local currencyd)A bank account in India used for receiving payments denominated in a foreign currencyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.