Quiz on Foreign Exchange Management and Reserves
Authored by charan patcha
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Professional Development
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25 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which section of the Foreign Exchange Management Act, 1999, empowers the Reserve Bank to authorize entities as Authorised Persons?
Section 9
Section 10
Section 11
Section 12
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
How does FEMA classify foreign exchange transactions?
Revenue and non-revenue transactions
Current Account and Capital Account Transactions
Domestic and international transactions
Import and export transactions
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are the components of foreign exchange reserves in India?
Foreign Currency Assets (FCA) and Gold
Foreign Currency Assets (FCA), Special Drawing Rights (SDRs), Reserve Tranche Position (RTP), and Gold
Foreign Currency Assets (FCA) and Special Drawing Rights (SDRs)
Special Drawing Rights (SDRs) and Reserve Tranche Position (RTP)
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which department handles the Reserve Management function of the Reserve Bank of India?
Financial Markets Operation Department
Foreign Exchange Department
Department of External Investments and Operations
Financial Markets Operation Department in consultation with Foreign Exchange Department.
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What are the three schedules appended to the Current Account Transaction Rules, 2000?
Schedule IA, Schedule IB, Schedule IC
Schedule I, Schedule II, Schedule III
Schedule A, Schedule B, Schedule C
Schedule X, Schedule Y, Schedule Z
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What are the risks attendant on deployment of reserves?
Liquidity risk
Credit risk
Market risk
All of the above
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Who manages the foreign exchange reserves in India?
Departmet of Economic Affairs, Ministry of Finance
Securities and Exchange Board of India
Reserve Bank of India
Public Debt Management Cell
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