Multiple choice

A foreign bank in India can repatriate its earnings from operations in India to its Head Office without obtaining prior approval from Reserve Bank of India at …………………….rests.

  1. annually

  2. half-yearly

  3. quarterly

  4. monthly

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

Foreign banks operating in India are generally permitted to repatriate profits to their head offices on a quarterly basis, subject to RBI guidelines.