Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.

Yes, all the options are true. At Mumbai, Alipore, Cherlapalli, Noida, RBI mints the coins.

The National Housing Bank (NHB) is fully owned by RBI bank and regulation authority in India, created on July 8, 1988. Its headquarters are in New Delhi.

NPCI has launched a mobile based payment facility. This is called IMPS.

The purpose of the Financial Action Task Force (on money laundering), is to develop policies to combat money laundering and terrorism financing.

Yes, China has the largest foreign reserves in the world.

Charge can be a hypothecation where the possession of the security is with the borrower.

Headquarters of ADB are in Manila.

Rakesh Sethi took over as the new Chairman and Managing Director (CMD) of Allahabad Bank.

Forward Market Commission chairman is Ramesh Abhishek.

Central Bank of India had 5% stake in CIBIL while Transunion International Inc (TII) had the majority shareholder in CIBIL at 27.5%.

European Central Bank is responsible for finalizing the interest rates and credit policy of the Euro zone.

A bank which acts as a banker to other banks is known as central bank.

In Sikkim and Goa, no regional rural bank is present.

The foreign exchange rate is dependent on demand and supply forces.