Multiple choice

Which of the following is not the factor taken into account while considering the application for setting up a foreign bank in India?

  1. Financial soundness of the foreign bank

  2. Ownership pattern of the foreign bank

  3. Rating of the foreign bank by international rating agencies

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Factors that will be taken into account while considering the application for setting up a foreign bank in India are 

a. Economic and political relations between India and the country of incorporation of the foreign bank

b. Financial soundness of the foreign bank

c. Ownership pattern of the foreign bank

d. International and home country ranking of the foreign bank

e. Rating of the foreign bank by international rating agencies

f. International presence of the foreign bank

Keep practicing — related questions