The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as

A. Nostro account

B. Blocked Account

C. Foreign account

D. Capital account

Answer: Option B

Solution(By Examveda Team)

The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as Blocked Account. A blocked account can be an account that is subject to foreign exchange controls in a country that restricts the amount of its currency that can be transferred to other countries or exchanged into other currencies.