๐ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐ข๐ฆ๐ฉ๐ฅ๐ข๐๐ข๐๐: ๐๐ก๐๐ญ ๐ข๐ฌ ๐
๐๐๐(๐)? โ๏ธ๐ฐ
Understanding NRI banking and external sector concepts is essential for UPSC, OPSC, and WBCS aspirants. Here's a quick exam-oriented overview of the Foreign Currency Non-Resident (Bank) [FCNR(B)] Account. ๐
๐ ๐๐๐ฒ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฌ
โ Fixed Deposit account for NRIs and OCIs in India
โ Deposits are maintained in foreign currencies such as USD, GBP, EUR, JPY, etc.
โ Protected from fluctuations in the Indian Rupee (no exchange rate risk for the depositor)
โ Interest earned is tax-free in India
โ Both principal and interest can be fully repatriated abroad
๐ฏ ๐๐ฑ๐๐ฆ ๐๐๐ฅ๐๐ฏ๐๐ง๐๐
๐ Prelims: Questions may test your understanding of FCNR(B) deposits, RBI regulations, and their impact on foreign exchange inflows.
๐ Mains: Useful for topics related to Balance of Payments (BoP), Foreign Exchange Reserves, Capital Flows, and RBIโs measures to strengthen the Rupee.
Understanding NRI banking and external sector concepts is essential for UPSC, OPSC, and WBCS aspirants. Here's a quick exam-oriented overview of the Foreign Currency Non-Resident (Bank) [FCNR(B)] Account. ๐
๐ ๐๐๐ฒ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฌ
โ Fixed Deposit account for NRIs and OCIs in India
โ Deposits are maintained in foreign currencies such as USD, GBP, EUR, JPY, etc.
โ Protected from fluctuations in the Indian Rupee (no exchange rate risk for the depositor)
โ Interest earned is tax-free in India
โ Both principal and interest can be fully repatriated abroad
๐ฏ ๐๐ฑ๐๐ฆ ๐๐๐ฅ๐๐ฏ๐๐ง๐๐
๐ Prelims: Questions may test your understanding of FCNR(B) deposits, RBI regulations, and their impact on foreign exchange inflows.
๐ Mains: Useful for topics related to Balance of Payments (BoP), Foreign Exchange Reserves, Capital Flows, and RBIโs measures to strengthen the Rupee.
๐3
1. Consider the following statements regarding Sjรถgrenโs Disease:
It is a chronic autoimmune disorder affecting moisture-producing glands.
It can occur independently or in association with autoimmune diseases such as rheumatoid arthritis.
It affects only the exocrine glands and never involves other organs.
It is a chronic autoimmune disorder affecting moisture-producing glands.
It can occur independently or in association with autoimmune diseases such as rheumatoid arthritis.
It affects only the exocrine glands and never involves other organs.
โค1
Which of the statements given above is/are correct?
Anonymous Quiz
39%
(a) 1 and 2 only
27%
(b) 1 and 2 only
24%
(c) 2 and 3 only
9%
(d) 1, 2 and 3
โค1
2. Consider the following statements regarding the Marshall Islands:
The Marshall Islands became independent immediately after World War II upon the dissolution of Japanese control.
The islands are arranged into two major chains known as Ratak and Ralik.
The country uses the US Dollar as its official currency.
The Marshall Islands became independent immediately after World War II upon the dissolution of Japanese control.
The islands are arranged into two major chains known as Ratak and Ralik.
The country uses the US Dollar as its official currency.
โค1
Which of the statements given above are correct?
Anonymous Quiz
10%
(a) 1 only
38%
(b) 1 and 2 only
41%
(c) 2 and 3 only
10%
(d) 1, 2 and 3
3. Consider the following statements regarding Angkor Thom:
It was established by Jayavarman VII after defeating the Cham invaders.
It was designed entirely as a Buddhist city without Hindu influence.
Bayon Temple occupies the central position within the city.
It was established by Jayavarman VII after defeating the Cham invaders.
It was designed entirely as a Buddhist city without Hindu influence.
Bayon Temple occupies the central position within the city.
โค1
Which of the statements given above are correct?
Anonymous Quiz
9%
(a) 1 only
62%
(b) 1 and 3 only
24%
(c) 2 and 3 only
6%
(d) 1, 2 and 3
4. Match the following
Structure. Feature
A. Bayon. 1. Giant stone faces
B. Terrace of the Elephants 2. Monument inside Angkor Thom
C. Angkor Thom 3. Great City
Structure. Feature
A. Bayon. 1. Giant stone faces
B. Terrace of the Elephants 2. Monument inside Angkor Thom
C. Angkor Thom 3. Great City
โค1
Select the correct answer:
Anonymous Quiz
33%
(a) A-1, B-2, C-3
37%
(b) A-2, B-3, C-1
23%
(c) A-3, B-1, C-2
7%
(d) A-1, B-3, C-2
5. Consider the following statements regarding the Marshall Islands:
They are located in the central Pacific Ocean.
The islands are arranged into Ratak and Ralik chains.
The official currency is the Euro.
They are located in the central Pacific Ocean.
The islands are arranged into Ratak and Ralik chains.
The official currency is the Euro.
โค1
Which of the statements given above are correct?
Anonymous Quiz
13%
(a) 1 only
30%
(b) 2 and 3 only
45%
(c) 1 and 2 only
13%
(d) 1, 2 and 3