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Foreign Exchange Management Test
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Foreign Exchange Management Test
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25 Questions

1. The external methods of hedging transaction exposure does not include-
2. For option forward purchase transactions the forward premium will be reckoned
3. The term 'Nostro account' means
4. TT buying rate is applicable for transactions where-
5. Hedging with options is best recommended for-
6. The term 'loro account' means
7. Bill buying rates are applicable to
8. A foreign currency account maintained by a bank abroad is its
9. The bills selling rate is calculated by adding exchange margin to the
10. TT selling rate is applicable for transactions of1
11. Forward margin is-
12. In direct quotation the principle adopted by the bank is to
13. The statutory basis for administration of foreign exchange in India is
14. The authorised dealers under FEMA are classified into ----- categories
15. FEDAI has its headquarters at
16. One month forward contract entered into on 22nd March will fall due on
17. Foreign Exchange Management Act Passed int he year
18. A positive exposure will lead to .............when the currency of the subsidiary company appreciates.
19. Which of the following statements is true?
20. Derivatives can be used by an exporter for managing-
21. Exchange margin enters into the bills selling rate
22. The term risk in business refers to-
23. Ideal time for launching a product in foreign market is
24. The transaction in which the exchange of currencies takes place at a specified future date, subsequent to the spot date is known as a
25. The translation exposure is positive when-

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