What mode of settlement has been announced for trade between India and Malaysia?
US Dollar (USD)
Malaysian Ringgit (MYR)
Indian Rupee (INR)
Euro (EUR)
Correct Answer :
C. Indian Rupee (INR)
India and Malaysia can now trade using the Indian Rupee (INR) as a mode of settlement, alongside other currencies. Trading in local currencies can help reduce transaction costs and currency risk for businesses, encouraging greater trade and investment between India and Malaysia.
Related Questions
How long did it take Chandrayaan-3 to reach the lunar orbit after its journey began?
13 days
23 days
33 days
43 days
When do the Thiru-Onam or Thiruvonam celebrations take place this year?
From August 01 to August 10
From August 20 to August 31
From September 01 to September 10
From July 20 to July 31
Who is retiring as head of banking, capital markets and advisory (BCMA) for South Asia and India after 18 years with Citigroup?
Ravi Kapoor
Rahul Sharma
Amit Patel
Deepa Gupta
Which state government launched the Bhagwan Birsa Munda Jodaraste Scheme?
Bihar
Odisha
Jharkhand
Maharashtra
What is the purpose of the National Virtual Library of India (NVLI) under the NML scheme?
To provide financial assistance to model libraries.
To establish libraries specifically for differently-abled individuals.
To create an open-access database of digital resources about India.
To organize seminars and workshops for library professionals.
Which cricket team retained the Ashes in 2023, and how many Ashes series have they won so far?
England, 33 Ashes
Australia, 34 Ashes
England, 5 Ashes
Australia, 5 Ashes
How many medals did India win in the 2023 World Cadet Wrestling Championships?
9
10
11
12
What are the primary factors contributing to the declining population of African penguins?
Overpopulation and urbanization
Overfishing and environmental shifts in the Indian Ocean
Excessive hunting by predators
Lack of suitable nesting sites
Which of the following banks has introduced a Fastag-based parking payment solution at Jayprakash Narayan International Airport in Patna?
NSDL Payment Bank
Paytm Payment Bank
Jio Payment Bank
Airtel Payments Bank
When was Article 370 abrogated in Jammu and Kashmir?
August 5, 1947
August 5, 2019
August 15, 1947
August 15, 2019
How many blooming flowers adorn the Indira Gandhi Memorial Tulip Garden?
500,000
1 million
1.5 million
2 million
On which date is the death anniversary of Rabindranath Tagore commemorated?
August 07
August 09
July 07
August 17
What was the percentage increase in credit card defaults from March 2022 to March 2023 according to data provided by RBI?
3.0%
1.0%
2.5%
1.94%
On which date is World Lung Cancer Day observed every year?
July 1
August 1
September 1
October 1
Wipro Limited is collaborating with which Indian institute to establish the Center of Excellence on Generative Artificial Intelligence?
IIT Kanpur
IIT Madras
IIT Delhi
IIT Bombay
The Reserve Bank of India has granted its approval for the amalgamation of which of the following banks with The Jalgaon Peoples Co-operative Bank?
Cosmos Co-operative Bank
Saraswat Co-operative Bank
Akola Merchant Co-operative Bank
TJSB Co-operative Bank
OpenAI has acquired which of the following companies recently?
New Territories Inc.
Global Garments
Multinational Mechanics
Global Illumination
What is the name of the platform launched by Cashfree Payments and API banking solutions introduced to help businesses optimize?
Customer Payments
Vendor Payments
Supplier Payments
Payment Efficiency
As of August 2023, How many stations within the Central Railway have been designated as Pink Stations, indicating that they are wholly managed by women staff?
2
3
4
5
In which months is the Parsi New Year typically celebrated?
December and January
March and April
July and August
May and June
The House of Abhinandan Lodha has formed an alliance with which organisation for a joint venture platform for land projects?
Citigroup
India Bulls
HDFC Capital Advisors
ICICI Bank
What's the primary goal of Kerala's 'Shubhayatra' scheme?
Positive migration facilitation
Boosting tourism
Financial assistance for return emigrants
Education support
What was India's manufacturing PMI in July 2023?
57.8
58.7
57.7
58.0
Who will lead the all-women panel formed to bring healing and relief to the violence-stricken region in Manipur?
Justice Gita Mittal
Chief Justice of India, D.Y. Chandrachud
Justice Shalini Phansalkar Joshi
Justice Asha Menon
Which of the following player clinched the doubles title at the women's tennis hardcourt event in Barcelona, Spain?
Aryna Sabalenka
Prarthana Thombare
Nihal Singh
Ankita Raina
How much money is Foxconn pledging to invest in establishing a manufacturing facility in Tamil Nadu?
1,000 Crore
1,200 Crore
1,400 Crore
1,600 Crore
Who has been designated as the new Prime Minister of Cambodia?
Hun Manet
Norodom Sihamoni
Hun Sen
Cambodian People's Party
Where were the brand mascots for the upcoming ICC World Cup unveiled?
London, England
Gurugram, India
Sydney, Australia
Dubai, UAE
The Amhara Region, which has been in the news due to the imposition of a state of emergency, belongs to which country?
Kenya
Ethiopia
South Sudan
Syria
Who has been selected as the brand ambassador for Tata Capital recently?
M.S. Dhoni
Virat Kohli
Rohit Sharma
Shubman Gill