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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

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          Which among the following is correct about the Vostro Account?

    A) It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.

    B) It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.

    C) It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign Currency.

    D) It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

    Correct Answer: A

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