Reserve Bank of India and.....have signed a Bilateral Swap Arrangement (BSA) and the BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo in October 2018.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Reserve Bank of India and____have signed a Bilateral Swap Arrangement (BSA) and the BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo in October 2018.

A	Sumitomo Mitsui Financial Group
B	Japan Post Bank
C	Bank of Japan
D	Mizuho Financial Group

Explanation:

Detailed explanation-1: -Japan and India renews Bilateral Swap Arrangement of up to $75 billion.

Detailed explanation-2: -India and Japan renew bilateral swap arrangement of $75 billion.

Detailed explanation-3: -Japan and India have renewed the Bilateral Swap Arrangement (BSA) the size of which is up to USD 75 billion. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar.

Detailed explanation-4: -Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a central bank in one country to exchange currency, usually its domestic currency, for a certain amount of foreign currency.

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