RBI lifts ban on carrying Indian Rs. 1000 and 500 notes to and from Nepal

Q.  Reserve Bank of India (RBI) has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from ______.
- Published on 23 Jan 15

a. Pakistan
b. Nepal
c. Bangladesh
d. Myanmar

ANSWER: Nepal
 
RBI issued a circular eased the restriction on export and import of bank notes of 1,000 and 500 denominations for Nepal and Bhutan that it had imposed since May, 2000. The Indian central bank, however, has put a limit of carrying such notes at Rs 25,000 per person.

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