IDBI-T3-FX-Mock test-End term- Part 2

When a firm in India buys goods from a company outside India, it involves........ of foreign exchange

• Neutral

• inflow

• outflow

Joint accounts with resident relative/s can be opened under EEFC scheme provided the operational instructions are on ..............

• Joint operation basis

• F or S basis

• E OR S basis

Open position in Forex trading refers to...........

• keeping  the dealing room open free for trading at all times

• Trading positions where Buy/sell are not matched yet

• All open market operations conducted by various FIs

What is maximum period for which money is lent under notice money?

• 14 days

• 7 days

• 2 days

NRR accounts are opened in the name of…..............

• Resident entities

• Non-resident Indians

• Non-resident entities

Name the system through which money market trades are conducted?

• CCIL platform

• E-Kuber

• NDS-OM

The eligibility to avail forex under the Liberalised Remittance Scheme is restricted to only…............

• Corporates

• Partnership Firms

• Resident individuals

Acronym NOOPL stands for...................

• Net Overnight Open Position Limit

• Net Open operative position limit 

• Non operative overnight limit

Economic exposure does not deal with…...........

• changes in Real exchange rate

• expected exchange rate changes

• changes in the interest rate of the country

In Forex market" American quotation" refers to…...

• A quotation quoted by US based Banks in New York market

• Quotation in which USD unit is kept constant and INR unit is varies 

• Quotation in which USD units are varying and INR unit is kept constant