BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not considered as a means of foreign capital inflow into the country?
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FDI
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FCNR accounts
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FII
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No frills accounts
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Explanation:
Detailed explanation-1: -No-Frills Accounts Was this answer helpful?
Detailed explanation-2: -Notes: Capital inflows are net purchases of domestic assets by foreigners. Capital outflows equal net purchases of foreign assets by domestic agents. Official flows are defined as net purchases of reserve assets by the central bank plus development aid received.
Detailed explanation-3: -A country can receive foreign capital in three different forms-foreign investment, concessional assistance, and non-concessional assistance. Foreign Investment: There are two types of foreign investments-Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI).
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