Institute of Chartered Financial Analysts of India (ICFAI) University 2006 Certification Finance International and Trade – I - exam paper
Monday, 17 June 2013 12:00Web
Page 3 of 18
(e) Adverse effect of political factors on the economy.
< ans >
9.
When a firm increases its net holding of currencies that are expected to rise in value and reduces its net holding of currencies that are expected to fall in value, it is adopting the strategy of
(a) Bilateral netting (b) Multilateral netting
(c) Balance sheet hedging (d) Leads and lags
(e) Currency swap.
< ans >
10.
Which of the subsequent statements is/are actual regarding Euro Commercial Paper?
I. It is an unsecured promissory note.
II. It is not mandatory to find credit rating in case of Euro Commercial Paper.
III. Euro Commercial Papers are needed to be underwritten.
(a) Only (I) above (b) Only (II) above
(c) Both (I) and (II) above (d) Both (II) and (III) above
(e) All (I), (II) and (III) above.
< ans >
11.
A current account surplus implies that
I. The country is a net lender to the rest of the world.
II. The country is running a net capital account surplus.
III. Foreign investment in domestic securities is at very low levels.
IV. Foreign investment in domestic securities is at very high levels.
(a) Only (I) above
(b) Only (II) above
(c) Only (III) above
(d) Only (IV) above
(e) Both (I) and (IV) above.
< ans >
12.
The license that permits duty free imports of inputs on fulfillment of value addition and export obligation within a certain time - frame is called
(a) Regular License (b) License with export obligation
(c) Advance License (d) Special Import License
Earning: Approval pending. |