Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 273)
273.
RBI is to issue an SOP for banks to help expedite rupee trade. What is the full form of SOP?
Standard Operating Procedure
Standard Operating Process
Standard Operational Practice
Standard Operational Proof
Answer: Option
Explanation:
The RBI is expected to issue a standard operating procedure for banks to issue proofs of inward remittances for exporters expeditiously, to address challenges faced by exporters in the rupee-based trading mechanism for foreign trade.
Discussion:
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