Challenger App

No.1 PSC Learning App

1M+ Downloads
Which type of account is used by a bank to refer to a third-party’s account held in another bank?

ANostro

BMirror

CLoro

DVostro

Answer:

C. Loro

Read Explanation:

.


Related Questions:

Which entity among the following cannot accept deposits under the RBI defined norms?
ICICI Bank introduced full mobile banking in India in which year?
The power of RBI to issue KYC/AML directions to banks is derived from which legal provision?
…. is a credit facility granted by commercial banks to current account holders
In Bharat QR, what makes it interoperable across platforms and banks?