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LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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					                  LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False
Question       Services of a Paying bank are taken when currencies of exporters country
               or the importers country is not involved in the transaction.
Correct Answer False

Your Answer      False


Select The Blank
Question       To make the export more competitive and remunerative, the Indian Govt
               extends ________ facility.
Correct Answer Cash Incentives

Your Answer      Line of credit


Multiple Choice Multiple Answer
Question        For issuing a Documentary credit The applicant is required to provide to
                the issuing bank details about
Correct Answer The purchase-sales contract, the mode of payment, the tenor of payment ,
                The documents required, the names of authorities who would issue the
                documents
Your Answer     The purchase-sales contract, the mode of payment, the tenor of payment ,
                The documents required, the names of authorities who would issue the
                documents , The track record of the buyer and seller

Multiple Choice Multiple Answer
Question        Which of these are not considered as good securities by the banker?

Correct Answer House Airway bill , Postal Receipt

Your Answer      House Airway bill , Postal Receipt , On board bill of exchange


Multiple Choice Single Answer
Question        What is the statutory requirement about receivables of exports from India?

Correct Answer The export receivables must be repatriated within six months of the date of
               shipment.
Your Answer    The export receivables must be repatriated within six months of the date of
               shipment.

Multiple Choice Single Answer
Question        What do firms face while evaluating risks in cross border investment?

Correct Answer The issues are different, unique to each project, and solutions are varied

Your Answer      The issues are different, unique to each project, and solutions are varied


True/False
Question         An Indian importing goods from USA pays dollars in India.
Correct Answer False

Your Answer      True


Multiple Choice Multiple Answer
Question        Name the services provided by 'Reuter 3000' in forex market:-

Correct Answer Quotation of forex rates, interest rates , Electronic broking by matching the
               rates
Your Answer    Quotation of forex rates, interest rates , Electronic broking by matching the
               rates , Calculate and quote rates for transactions

Match The Following
Question                      Correct Answer                Your Answer

16 principles for good        Business Charter of           Business Charter of
environmental conduct         sustainable development       sustainable development
World Chambers Congress       World Federation of           Doha
                              Chambers
ICC Conference in 2004        Marrakesh                     Marrakesh

13 types of trade contracts   INCOTERM                      World Federation of
                                                            Chambers

Multiple Choice Single Answer
Question        What is the cause of Volatility in the exchange market?

Correct Answer Interest rates are changing, Interest rates affect and are affected by
               exchange rates
Your Answer    Interest rates are changing, Interest rates affect and are affected by
               exchange rates

Multiple Choice Single Answer
Question        How many Countries participated in the third survey on Foreign Exchange,
                coordinated by BIS in 1992?
Correct Answer 26

Your Answer      26


True/False
Question       Cash flows generated from aforeign project may replace revenue-
               producing imports to the host country
Correct Answer False

Your Answer      True


Multiple Choice Multiple Answer
Question        Internationally only those currencies are in demand

Correct Answer Which are convertible , Which have liquidity confirmed in Euro market
               operations
Your Answer      Which are convertible , Which have liquidity confirmed in Euro market
                 operations , which have greater gold parity

True/False
Question       Out of 15 member countries in European Union 12 countries commiteed
               themselves for a single currency.
Correct Answer False

Your Answer      False


Multiple Choice Multiple Answer
Question        Major investors in NIF are :-

Correct Answer Commercial Banks , Non banking Finance companies , Insurance
               Companies
Your Answer    Non banking Finance companies , Commercial Banks


Select The Blank
Question       The major industrial power whose economy was not affected after the II
               world war was ________.
Correct Answer USA

Your Answer      Germany


Multiple Choice Multiple Answer
Question        What are the main causes of fluctuations in Exchange rates?

Correct Answer Government regulatios, fiscal policies, political instabilities , Market
               demand and supply, sentiments
Your Answer    Government regulatios, fiscal policies, political instabilities , Market
               demand and supply, sentiments , The purchasing power of currency
               changes every second

Multiple Choice Single Answer
Question        The severemost problem faced by the Fixed exchange rate system was

Correct Answer Inability of US to change gold for dollars

Your Answer      Measurement of world liquidity


Multiple Choice Multiple Answer
Question        What schemes have been floated by RBI for facilitating Inter bank
                transactions?
Correct Answer Clearing house for settlement and clearance for the operations of Ads , Set
                up a market intelligence cell to study and monitor developments in Forex
                Market
Your Answer     Clearing house for settlement and clearance for the operations of Ads , Set
                up a market intelligence cell to study and monitor developments in Forex
                Market , Purchase excess foreign curency from Ads at higher rates

Select The Blank
Question       Over the years ________has been the most widely accepted currency in
               international capital market.
Correct Answer American Dollar

Your Answer      Euro Dollar


Match The Following
Question                       Correct Answer                Your Answer

Departure                      EXW                           EXW

Main carriage paid             CFR                           FAS

Main carriage unpaid           FAS                           FAS

Arrival                        DES                           DES


True/False
Question       The American Dollar market comprises of the domestic segment of USD
               the offshore segment of USD.
Correct Answer True

Your Answer      True


True/False
Question         Tranche' is a managed issue of securities in smaller denominations.

Correct Answer True

Your Answer      True


Multiple Choice Single Answer
Question        Which is the most actively traded currency in the international market
                today?
Correct Answer US Dollar

Your Answer      EURO


True/False
Question         Prior approval of RBI is needed for payment of all imports.

Correct Answer False

Your Answer      True


Select The Blank
Question       Mostly, countries in the Middle east require ________ invoice, for
               facilitating import duties .
Correct Answer Legalised

Your Answer      Customs


Select The Blank
Question       A ________ Bill of lading does not specify the terms and conditions of
               carriage.
Correct Answer Short Form

Your Answer      Short Form


True/False
Question       Cause of increase in cost of public issues Underwriting fees , selling
               commission
Correct Answer True

Your Answer      True


Multiple Choice Single Answer
Question        How many types of documents are required in the International trade?

Correct Answer Six

Your Answer      Six


Multiple Choice Single Answer
Question        If Investment is out of EEFC accounts then :-

Correct Answer Exemption is granted from the criteria of Core activity stipulation under
               automatic route
Your Answer    Exemption is granted from the criteria of Core activity stipulation under
               automatic route

Select The Blank
Question       When a credit is made to available to additional beneficiary wholly or partly
               it is called as ________.
Correct Answer Transferable credit

Your Answer      Transferable credit


Select The Blank
Question       India is a founder member of ________.

Correct Answer IMF

Your Answer      IMF


True/False
Question         Bid rate is bidders buying rate and offered rate is bidders selling rate.
Correct Answer True

Your Answer      True


Select The Blank
Question       When interest rate changes by 0.05 per cent then it has changed
               ________ basis points.
Correct Answer 50

Your Answer      5


Select The Blank
Question       Partnership firm not eligible for Overseas Direct Investment needs to apply
               to RBI Approval in form ________.
Correct Answer ODI

Your Answer      ODA


Multiple Choice Multiple Answer
Question        With reference to ECB, fund raising activity includes :-

Correct Answer Floating rate notes, bonds, debentures , Syndicate loans, issue of shares

Your Answer      Floating rate notes, bonds, debentures , Syndicate loans, issue of shares


Select The Blank
Question       Rupee was liberalised on ________ account in 1993, and on current
               account in 1994.
Correct Answer Trade

Your Answer      Capital


Select The Blank
Question       FRNs are issued for a maturity period of ________ and are normally
               redeemed in one shot.
Correct Answer 5-7 years

Your Answer      Up to 1 year


Multiple Choice Multiple Answer
Question        What are the objectives of International Chamber of Commerce?

Correct Answer Champion the global economy as a force of economic growth , Creating of
               job and prosperity
Your Answer    Champion the global economy as a force of economic growth , Creating of
               job and prosperity

Multiple Choice Multiple Answer
Question        Which contracts are used for transportation by road?
Correct Answer FCA , CPT

Your Answer      FCA , CPT


Multiple Choice Single Answer
Question        Financial management is complex process for

Correct Answer Companies which have international trade

Your Answer      Companies which have international trade


True/False
Question       The volume of trading of Derivatives in the world trade market is growing
               but still only 5% of the total.
Correct Answer False

Your Answer      True


Multiple Choice Multiple Answer
Question        What are the functions of International Finance Corporation?

Correct Answer Help private enterprise by financing projects , Provide technical assistance
               to private enterprise
Your Answer    Help private enterprise by financing projects , Provide technical assistance
               to private enterprise , Help to maintain the exchange rate stability

Multiple Choice Multiple Answer
Question        What does a speculator accept while dealing with an option?

Correct Answer The exercise or strike price, the amount , The expiration date and time, the
               method of payment
Your Answer    The exercise or strike price, the amount , The expiration date and time, the
               method of payment , The Market report of the exchange which trades the
               option

Select The Blank
Question       The ________is a Floating rate index for swaps.

Correct Answer US Commercial paper rate

Your Answer      US Commercial paper rate


Multiple Choice Single Answer
Question        What is the role of ICC towards WTO?

Correct Answer To provide world business recommendations to WTO

Your Answer      To provide world business recommendations to WTO

				
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