Recently, Reserve Bank of India and uline{.65cm} have signed a Bilateral Swap Arrangement (BSA).

2019

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

Recently, Reserve Bank of India and ______ have signed a Bilateral Swap Arrangement (BSA).

A	Mizuho Bank
B	Bank of Japan
C	MUFG Ban
D	Japan Post Bank

Explanation:

Detailed explanation-1: -Press Releases. The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework. This is to provide swap support as a backstop line of funding for short term foreign exchange liquidity requirements.

Detailed explanation-2: -The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar.

Detailed explanation-3: -According to a Reserve Bank of India (RBI) statement, India and Japan have extended their bilateral swap agreements worth US$ 75 billion. The RBI and the Bank of Japan signed an amendment and restatement agreement of the bilateral swap agreement (BSA) on behalf of the Minister of Finance of Japan.

Detailed explanation-4: -The SAARC currency swap facility came into operation on 15th November, 2012. The RBI can offer a swap arrangement within the overall corpus of USD 2 billion. The swap drawals can be made in US dollar, euro or Indian rupee. The framework provides certain concessions for swap drawals in Indian rupee.

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