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Foreign Exchange Management Test 2
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Foreign Exchange Management Test 2
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25 Questions

1. When forward dollar is quoted at a discount against Euro, it means
2. FEDAI does not cover
3. Translation exposure arises in respect of item translated at
4. Difference between buying and selling rates in an exchange rate or interest rate quotation is known as
5. Derivatives are so called because
6. Suppose that the Euro is selling at a forward discount in the forward-exchange market. This implies that most likely
7. For balance of payment statistics, visible trade refers to trade in
8. A transaction in the inter bank market to be executed on the same day is known as
9. The demand for domestic currency in the foreign exchange market is indicated by the following transactions in balance of payment
10. A credit in BOP indicates
11. Agreement to buy and sell happens on same day
12. A foreign currency account maintained by a bank abroad is its
13. Amendments of FEMA regulations are communicated by RBI in the form of
14. Your account with us ' stands for -------
15. Internal hedge for transaction exposure does not include
16. CHAPS is similar to CHIPS and available in
17. The statutory basis for administration of foreign exchange in India is
18. Category III of Authorized dealers in India are
19. Under FEMA, the RBI has been authorized to make _____________ to carry out the provisions of the Act.
20. Translation loss is
21. Arbitrageur in a foreign exchange market
22. The external method of hedging transaction exposure does not include
23. Non resident bank accounts are ------
24. The maximum buy low sell high is applicable for
25. The method of hedging with another currency, when forward cover is not available in a currency of exposure is