If a bank in India, SBI, has an account with Citibank, Newyork and another Indian Bank, Allahabad Bank wants to refer to that account while corresponding with Citibank, Newyork, the Allahabad Bank would refer to which one of the following accounts?
A. Loro account
B. Mirror account
C. Vostro account
D. Mix of Nostro and Vostro account
Answer: Option A
Related Questions on Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade

Join The Discussion