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IDBI-FX-MOCK TEST-TERM END-Part 1

Authored by C S Venkataraman

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KG

51 Questions

Used 45+ times

IDBI-FX-MOCK TEST-TERM END-Part 1
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following categories is not an approved category of Authorised Dealers?

Category B:Forex Designated Branches to deal in Foreign Exchange Business with our customers dealing in Exports & Imports.

Category C:  Branches routing their customers Forex Business through Category B branches.

Category D: Branches of newly opened Small Finance Banks.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in.........

Foreign Currency

Domestic currency

Both

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Simultaneous purchase and sale of a currency for two different Maturities is called.......

Swap

Arbitrage

Spot

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Herstatt risk is also called as .....................

country risk

Time zone risk

Currency Risk

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which was the first step in the organized risk Management in Banks?

Basel Initiative

RBI initiative

World Bank Initiative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A NRI having NRE SB account with you approaches you to open an account for his wife who is a Pakistani national. How will you respond?

Allow with the permission of your treasury

Allow with the permission of RBI

Allow and inform RBI

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Exchange rate determined for foreign currency exchange transaction between two currencies that are both valued against a third currency is known as........................

Forward rate

Spot rate

cross rate

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