MCQOPTIONS
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| 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 | |