Deck 1: Banking and Finance

Question 1

As per Smithsonian Agreement 1 ounce of gold = USD _

A)30
B)35
C)36
D)38

Answer 1

38

Question 2

In Loro Account, Loro means ______

A)our
B)theirs
C)yours
D)my

Answer 2

theirs

Question 3

GBP/ USD = 1.0376-90. In this case USD is also known as ___Currency

A)base
B)foreign
C)variable
D)transaction

Answer 3

variable

Question 4

Satistical residue is a part of _______

A)errors and ommissions
B)current account
C)capital account
D)reserve account

Question 5

EUR/USD = 1.2596-1.2620, Percentage Spread = _________

A)0.0024
B)1.2608
C)0.19
D)0.38

Question 6

If NPV is zero, the project is _________

A)financially viable
B)breakeven
C)financially not viable
D)slower

Question 7

EUR/INR 68.0000-68.0030 & INR 1.4550-1.4600 what is the arbitage oppportunity

A)2228
B)0
C)2882
D)2828

Question 8

___ risk is also called as "Accounting Exposure"

A)transaction
B)economic
C)translation
D)transmittion

Question 9

ADR stands for ____________

A)asian depository receipt
B)american depository receipt
C)australian depository receipt
D)africa depository receipt

Question 10

In quote of 1 USD = INR 60, is a home country

A)india
B)usa
C)france
D)russia

Question 11

Systematic record of economic transactions of a country during given period of time is known as ____________   .

A)adr
B)bop
C)gdr
D)ifrs

Question 12

Fund based services includes all of the following except .

A)bill discounting
B)factoring
C)lease financing
D)m&a services

Question 13

Nations that have major economic expansion attract

A)imports
B)exports
C)fdi
D)privatization

Question 14

Fee Based services includes all of the following except .

A)merchant banking
B)factoring
C)m&a services
D)custodian services

Question 15

Current account includes all of the following, except .

A)merchandise balance
B)services balance
C)fdi
D)unilateral transfers

Question 16

Reserves are held in the following forms, except ____________ .

A)foreign currency
B)gold
C)sdr
D)silver

Question 17

Statistical residue is a part of .

A)errors & omissions
B)current account
C)capital account
D)reserve account

Question 18

SDR is an international reserve asset created by ____________   .

A)imf
B)wto
C)world bank
D)ibrd

Question 19

FDI in BOP is covered under .

A)official reserve account
B)current account
C)capital account
D)balancing items

Question 20

Under Exchange rate system, there is no interference of monetary authorities to decide exchange rate.

A)fixed
B)floating
C)mixed
D)pegged

Question 21

Under Exchange rate system, value of currency is decided by the market forces of demand and supply.

A)fixed
B)floating
C)mixed
D)pegged

Question 22

In Spot market, exchange of currencies take place on basis.

A)t + 1
B)t + 0
C)t + 2
D)t + 3