Question : Fixed Foreign Exchange Rate can be changed by _____.
Option 1: RBI
Option 2: SEBI
Option 3: Ministry of Finance
Option 4: FIPB
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Correct Answer: RBI
Solution : The correct option is RBI.
The Reserve Bank of India (RBI), was established on April 1, 1935 and is headquartered in Mumbai. A fixed foreign exchange rate can be changed by the government or central bank that has established the rate. Some ways in which a fixed exchange rate can be changed are:
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Question : At present, Indian is following
Option 1: Fixed exchange rate
Option 2: Floating exchange rate
Option 3: Pegged up an exchange rate
Option 4: Pegged down the exchange rate
Question : The ____ exchange rate is the price of one unit of foreign currency in terms of domestic currency.
Option 1: artificial
Option 2: nominal
Option 3: fixed
Option 4: real
Question : Who is the regulator of Micro Finance Institutions in India?
Option 1: SEBI
Option 2: RBI
Option 3: NABARD
Option 4: SBI
Question : Insurance sector in India is regulated by:
Option 2: CII
Option 3: IRDA
Option 4: SEBI
Question : FCRA administered by the Ministry of Home Affairs stands for _____?
Option 1: Foreign Currency Regulation Act
Option 2: Foreign Contribution Regulation Act
Option 3: Foreign Contract Regulation Act
Option 4: Foreign Cartel Restriction Act
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