1.

Read the following statements:1. RBI has enhanced the scope of Special Non-resident Rupee (SNRR) by allowing persons residing outside India to open such accounts.2. Any person residing outside India, having a business interest in India can open a non-interest SNRR account with a bank for bona fide transactions in rupees.3. The restriction on the tenure of SNRR account has not been removed.Which of these statements is incorrect?

A. Only 1
B. Both 1 and 2
C. Only 3
D. Both 2 and 3
E. Only 2
Answer» D. Both 2 and 3


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