Multiple choice

In case of invocation of the guarantee, the authorised dealer bank should send a detailed report to

  1. Chief General Manager-in-Charge

  2. Foreign Exchange Department

  3. External Payments Division

  4. All of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In case of invocation of the guarantee, the authorised dealer bank should send a detailed report to the Chief General Manager-in-Charge, Foreign Exchange Department, External Payments Division (EPD), Reserve Bank of India, Central Office, Mumbai (400 001), explaining the circumstances leading to the invocation of the guarantee.