IBPS RRB PO Mains 10 Sep 2023 Paper
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Question : 25 of 200
Marks:
+1,
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Directions: The question consists of a statement and three inferences. You have to assume everything in the statement to be true and based on the information given in the statement, decide whether the given inferences can be inferred from the statement.
Statement: The Reserve Bank of India (RBI) and the Bank of Indonesia (BI) signed a Memorandum of Understanding (MoU) to establish a framework to promote the use of local currencies for cross-border transactions. The MoU covers all current account transactions, permissible capital account transactions, and any other economic and financial transactions as agreed upon by both countries.
Inferences:
I. This framework would enable exporters and importers to invoice and pay in respective domestic currencies.
II. The use of local currencies in bilateral transactions will eventually decrease trade between India and Indonesia.
III. Use of local currencies would optimize costs and settlement time for transactions.
Statement: The Reserve Bank of India (RBI) and the Bank of Indonesia (BI) signed a Memorandum of Understanding (MoU) to establish a framework to promote the use of local currencies for cross-border transactions. The MoU covers all current account transactions, permissible capital account transactions, and any other economic and financial transactions as agreed upon by both countries.
Inferences:
I. This framework would enable exporters and importers to invoice and pay in respective domestic currencies.
II. The use of local currencies in bilateral transactions will eventually decrease trade between India and Indonesia.
III. Use of local currencies would optimize costs and settlement time for transactions.
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