Understanding Nostro, Vostro, and Loro accounts is essential for banking aspirants, especially in the context of international banking and foreign exchange transactions. These accounts facilitate smooth cross-border payments and settlements between banks in different countries. Questions from this topic are frequently asked in exams like SBI PO, IBPS PO, Clerk, and RBI Grade B, making it an important part of banking awareness.
These accounts define how banks maintain records of foreign currency transactions with correspondent banks and help in managing international trade payments efficiently. A clear understanding of their differences and practical usage is crucial for scoring well in exams.
Nostro, Vostro & Loro Accounts, Study Notes, FREE PDF
This FREE banking awareness PDF gives a complete, exam-focused understanding of Nostro, Vostro, and Loro accounts.
What You Will Get in the PDF:
- Concepts: Nostro, Vostro, Loro (Our–Your–Their)
- Basics: Correspondent banking & forex use
- Comparison: Key differences (table)
- Flow: Cross-border transaction steps
- Exam Focus: Key facts & PYQs
- Revision: Short notes & tricks
- Practice: 50+ MCQs
Nostro, Vostro & Loro Accounts, Live Quiz
Test your understanding with a real exam-level quiz designed to improve accuracy and speed. These questions are based on actual banking exam patterns.
Q1. Priority Sector Lending guidelines are issued by:
Q2. What is the PSL target for Domestic Commercial Banks?
Q3. Which sector is NOT included under PSL?
Q4. What is the PSL target for Small Finance Banks?
Q5. Adjusted Net Bank Credit (ANBC) includes:
Q6. Weaker section target under PSL is:
Q7. Which institution is primarily associated with agriculture finance?
Q8. MSME stands for:
Q2. Vostro Account means:
Q3. Loro Account refers to:
Q4. Nostro account is maintained in:
Q5. Vostro account is maintained by:
Q6. Loro account is used for:
Q7. Nostro comes from which language?
Q8. “Our account with you” refers to:
Q9. “Your account with us” refers to:
Q10. Which account is used in international banking?
Q11. Nostro account helps in:
Q12. Vostro account is recorded in:
Q13. Loro account means:
Q14. Nostro accounts are used for:
Q15. Which is NOT correct?
Q16. Currency in Nostro account:
Q17. Vostro account belongs to:
Q18. Loro account is maintained by:
Q19. Nostro account is maintained with:
Q20. International settlements use:
Quiz Summary
Q21. Vostro accounts help in:
Q22. Nostro account balance is shown in:
Q23. Loro account example:
Q24. Which account is third-party?
Q25. Nostro used for:
Q26. Vostro is liability for:
Q27. Nostro is asset for:
Q28. Loro used in:
Q29. Nostro & Vostro are:
Q30. Which is correct?
Q31. Nostro maintained in:
Q32. Vostro maintained in:
Q33. Loro means:
Q34. Nostro helps in:
Q35. Vostro is opposite of:
Q36. Loro involves:
Q37. Nostro example:
Q38. Vostro example:
Q39. Loro example:
Q40. Main purpose:
Quiz Summary
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Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railway, and state exams.