Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What is cross-border exchange?

a. Trading of foreign currency in India.
b. Hawala transactions
c. Unauthorised remittance of the Indian rupee.
d. The trading of the Indian rupee in exchange for other currencies/ goods.


ANSWER: See Answer
 
Cross-border trade (CBT) is the exchange of goods or services between two countries. It is the trading of the Indian rupee in exchange for other currencies/ goods.
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