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Management · Q30

Foreign Trade Policy

Graduate and Post Graduate · Management · question 30

Q30

If a bank in India, SBI, has an account with Citibank, Newyork and another Indian Bank, Allahabad Bank wants to refer to that account while corresponding with Citibank, Newyork, the Allahabad Bank would refer to which one of the following accounts?

A.
Loro account
Answer
B.
Mirror account
C.
Vostro account
D.
Mix of Nostro and Vostro account

Answer: Option A

Solution

Answer: Option A
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