Symbiosis International Education Centre 2007 Post Graduate Diploma International Finance - Test 1- - Question Paper

LIST OF ATTEMPTED ques. AND ANSWERS

True/False
ques. In a coupon swap the receiver is the 1 who receives fixed rate of interest.
accurate ans True
Your ans True

Multiple option Multiple ans
ques. The characteristics of an International documentary credit are :-
accurate ans It is an undertaking provided by the openers bank to pay certain sum of money , It is an undertaking provided on behalf of a certain person to a different person in various country
Your ans It is an undertaking provided on behalf of a certain person to a different person in various country , It is a stamped agreement and is not valid unless it is signed by the issuer , It is an undertaking provided by the openers bank to pay certain sum of money

True/False
ques. Normally the forward contracts are booked for making huge profits.
accurate ans False
Your ans True

Multiple option Single ans
ques. What do you understand by a forex option?
accurate ans Right and not the obligation to take or provide future delivery of an agreed volume at certain price
Your ans Right and not the obligation to take or provide future delivery of an agreed volume at certain price

Multiple option Single ans
ques. In case the value date happens to be a holiday then the settlement is done :-
accurate ans On the next working day
Your ans On the next working day

True/False
ques. Postal receipt is an acknowledgement of receipt of goods, a quasi negotiable instrument.
accurate ans False
Your ans True

True/False
ques. Open Insurance policy is for any amount for specific period and specific number of shipments.
accurate ans False
Your ans False

Multiple option Multiple ans
ques. What schemes have been floated by RBI for facilitating Inter bank transactions?
accurate ans 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 ans 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

Multiple option Single ans
ques. Whose permission was necessary for forming the Association of Foreign Exchange Dealers, in India?
accurate ans Reserve Bank of India
Your ans Reserve Bank of India

Multiple option Single ans
ques. What was the collective assessment of International financial market about the country risk of many cnuntries in the last decade?
accurate ans Whatever it was, was disastrously wrong.
Your ans Whatever it was, was disastrously wrong.

choose The Blank
ques. The international liquidity issue was tackled effectively by a reserve asset known as ________.
accurate ans Special drawing right

Earning:   Approval pending.