Subsidiarisation of foreign banks:
1. is the conversion of a foreign bank with branch presence into a subsidiary
2. protects Indian capital and operations from external economic shocks
Choose the correct option form the codes given below:

Answer: [C] Both 1 & 2

The conversion of a foreign bank with branch presence into a subsidiary is called subsidiarisation. This arrangement protects Indian capital and operations from external economic shocks as such outfits follow local guidelines.

This question is a part of GKToday's Integrated IAS General Studies Module