RBI Grade B Officers 2017 jun Paper

(1) The DEA (Department ofEconomic Affairs), Ministry ofFinance, Government of Indiaalong with Reserve Bank ofIndia, monitors and regulatesECB guidelines and policies.ECBs are loans in India madeby non-resident lenders in foreigncurrency to Indian borrowers.They are used widely inIndia to facilitate access to foreignmoney by Indian corporationsand PSUs.