Vidyalelo
Commerce · Q13

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 13

Q13

Off Shore Banking Unit is:

A.
A unit which is situated in Foreign country
B.
A unit which is situated in Special Economic Zones and deals in foreign currency only
Answer
C.
A unit which is actively participating in lending foreign currency loans and in joint ventures
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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