IDBI-FX-LU2-Exchange Rates-Part 1

The market forces influencing the exchange rate are not fully operational under.....

• current regulations of RBI

• floating exchange rate system

• fixed exchange rate system

Foreign Exchange market is described as ................... market

• Over the counter (OTC)

• special centre market

• trade restricted to a particular centre only

CHIPS stands for................

• Clearing House Interbank Payment System

• Clearing House intra bank payment system

• Clear house inter bank payment scheme

Acronym CHAPS stands for..................

• Clear house authorised payment system

• Clearing House authenticated Payment system

• Clearing House Automated Payment System

The largest foreign exchange market in the world is located in..............

• New York

• London

• Hong Kong

Forex market is considered as a ................. market.

• 12 hours

• Banking hours

• 24 hours

In Direct quotation the unit which is kept constant is........

• Foreign currency

• domestic currency

• subsidiary currency

One of the following is not a participant in the Forex market. Identify

• corportes

• Partner in a firm

• commercial Bank

In Mumbai, Spot US Dollar is quoted as USD 1=Rs 80.6725/6875. Identify the buying rate.

• Rs 80.6725

• Rs 80.6875

• None

The value of the currency is determined by the supply and Demand factors for a particular currency in ............ rates mechanism

• Floating exchange

• Fixed exchange

• Nominal exchange