Study International Business Economics Online MCQ Practice Set for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.
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Question: A currency future is not
- A. traded on futures exchanges
- B. a special type of forward contract
- C. of standard size
- D. available in India
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Question: A tariff
- A. Increases the volume of trade
- B. Reduces the volume of trade
- C. Has no effect on volume of trade
- D. (a) and (c) of above
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Question: A Transaction in which the currencies to be exchanged the next day of the transaction is known as
- A. ready transaction
- B. value today
- C. spot transactions
- D. Value tomorrow
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Question: Banking in India has its origin. as early as___period
- A. Vedic
- B. Moughal
- C. British
- D. None of these
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Question: Banking ombudsman may reject the complaint
- A. immediately after receipt
- B. after hearing both parties
- C. at any stage
- D. None of the above
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Question: Benefit of Foreign trade
- A. Benefits developed countries
- B. Benefits underdeveloped countries
- C. Benefits democratic countries
- D. Benefits all countries
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Question: Currency chest balance will be periodically verified by
- A. Bank own officials
- B. RBI Officials
- C. Both (a) and (b)
- D. Officials of AG’s office
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Question: David Ricardo presented the theory of international trade called
- A. Theory of absolute advantage
- B. Theory of comparative advantage
- C. Theory of equal advantage
- D. Theory of total advantage
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Question: Derivatives can be used by an exporter for managing
- A. currency risk
- B. cargo risk
- C. credit risk
- D. all the above
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Question: Direct quotation is also known as
- A. home currency quotation
- B. foreign currency quotation
- C. currency quotation
- D. American quotation
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Question: Exchange value of Pak rupee against other currencies has fallen because
- A. Our total exports are smaller
- B. Our imports are more than exports
- C. Exports are more than imports
- D. Pakistan does not produce gold
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Question: Find out the odd one out of the following
- A. State Bank of India
- B. Reserve Bank of India
- C. Union Bank of India
- D. Central Bank of India
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Question: Foreign trade has the advantage
- A. Trading countries get foreign exchange
- B. Can import scarce raw materials
- C. Can import machinery and technology
- D. (b) and (c) of above
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Question: Holding an inventory have
- A. buying cost
- B. selling cost
- C. opportunity cost
- D. exchange rate risk
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Question: In a quote exchange rate, currency that is to be purchase with another currency is called
- A. liquid currency
- B. foreign currency
- C. local currency
- D. base currency
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Question: In direct quotation the principle adopted by the bank is to
- A. buy low only
- B. buy low; sell high
- C. buy high; sell low
- D. sell low only
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Question: In foreign trade, Protection policy means
- A. Restrictions on exports
- B. Restriction on transfer of foreign exchange
- C. Restrictions on imports
- D. All of the above
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Question: In indirect quotation the principle adopted by the bank is to
- A. buy low only
- B. buy low; sell high
- C. buy high; sell low
- D. sell low only
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Question: In the following quote: Spot USD 1 = Rs.45.6500/650 Spot September 100/150 September forward buying rate for dollar is
- A. Rs.45.6800
- B. Rs.45.6600
- C. Rs.45.7500
- D. Rs.45.6500
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Question: India has been witnessing high rate of inflation because
- A. Public expenditure and money supply both are continuously increasing
- B. The agricultural and industrial sectors have not performed adequately
- C. Both agricultural and administered prices have been hiked
- D. All of the above
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