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Money Supply

A foreign cor...

Question

A foreign corporation may open its project office ___________.

A

without permission from the Reserve Bank of India

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B

with permission from the Reserve Bank of India

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C

only for research work

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D

both b and c

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Solution

The correct option is A with permission from the Reserve Bank of India
The Reserve bank of India is the central bank of the country that regulates the function of all the bank. It issue notes, carry out various agency services, general services etc. It also regulates the working of all the banks as well as foreign exchange. Hence, a foreign corporation may open its project office with the permission from Reserve Bank of India.

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