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What is the main purpose of having a financial and banking framework compatible with digital trade transactions?
  • a)
    To restrict foreign exchange outflow on account of e-commerce.
  • b)
    To eliminate the need for financial institutions in digital transactions.
  • c)
    To establish government control over digital trade.
  • d)
    To promote foreign exchange transactions in e-commerce.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of having a financial and banking framework c...
A financial and banking framework compatible with digital trade transactions helps prevent foreign exchange outflow due to e-commerce purchases from abroad.
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What is the main purpose of having a financial and banking framework compatible with digital trade transactions?a)To restrict foreign exchange outflow on account of e-commerce.b)To eliminate the need for financial institutions in digital transactions.c)To establish government control over digital trade.d)To promote foreign exchange transactions in e-commerce.Correct answer is option 'A'. Can you explain this answer?
Question Description
What is the main purpose of having a financial and banking framework compatible with digital trade transactions?a)To restrict foreign exchange outflow on account of e-commerce.b)To eliminate the need for financial institutions in digital transactions.c)To establish government control over digital trade.d)To promote foreign exchange transactions in e-commerce.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main purpose of having a financial and banking framework compatible with digital trade transactions?a)To restrict foreign exchange outflow on account of e-commerce.b)To eliminate the need for financial institutions in digital transactions.c)To establish government control over digital trade.d)To promote foreign exchange transactions in e-commerce.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of having a financial and banking framework compatible with digital trade transactions?a)To restrict foreign exchange outflow on account of e-commerce.b)To eliminate the need for financial institutions in digital transactions.c)To establish government control over digital trade.d)To promote foreign exchange transactions in e-commerce.Correct answer is option 'A'. Can you explain this answer?.
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