Economics · Economy
With reference to bank accounts maintained by Non-Resident Indians (NRIs), consider the following statements: I. NRIs are required to obtain prior approval from the Reserve Bank of India before opening any bank account in India. II. NRIs may maintain certain categories of bank accounts denominated in Indian rupees. III. Loans may be granted in India against securities held in specified NRI accounts, subject to regulatory conditions. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II and III
- 2I and III only
- 3II and III only✓
- 4II only
Correct answer
II and III only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy