Question

Give economic terms (5)

1. Rohan has registered on his import export transactions.​

Answer 1

Answer:

should seek permission from the local authorities, as required.

(b) Opening Bank Account: Exporters are required to open a current account in the name of their firms or companies with a commercial bank which is authorised by the Reserve Bank of India (RBI) to deal in foreign currency transactions. All financial transactions of the exporter organisation are routed through this account. Such bank also serves as a source of pre-shipment and post-shipment finance for the exporters.