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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. Translation loss is
2. Foreign exchange transactions involve monetary transactions
3. The authorized dealers under FEMA are classified into
4. The responsibility for administration of FEMA is vested with
5. Currency quotation means
6. Restricted money changers are authorized to undertake
7. The acronym FEDAI stands for
8. India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to
9. The term Loro account means
10. For contingency exposure of foreign exchange, the best derivative that can be used to hedge is
11. Money market hedging is also called as
12. The option period for a forward contract can be for a maximum period of
13. Suppose that the Euro is selling at a forward discount in the forward-exchange market. This implies that most likely
14. If banks part with foreign currency that comes under
15. In forex transactions the item purchased is ------
16. The maximum buy low sell high is applicable for
17. Generally imports are recorded at _________ value in BOP
18. Indirect rate of exchange is quoted in India for
19. Country A imports gold worth USD 100 million for commercial purpose. The transaction will affect
20. The external method of hedging transaction exposure does not include
21. Arbitrageur in a foreign exchange market
22. Home currency quotation is
23. premium is ---- to spot rate to arrive forward rate
24. Non- resident bank accounts in India are maintained in
25. ---- in the country will increase domestic prices

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