McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Economics (CBCS) .
Chapters
| 151. |
The market forces influencing the exchange rate are not fully operational under |
| A. | floating exchange rate system |
| B. | speculative attack on the market |
| C. | fixed exchange rate system |
| D. | current regulations of IMF |
| Answer» C. fixed exchange rate system | |
| 152. |
According managed to classification by IMF, the currency system of India falls under |
| A. | Managed flating |
| B. | independently floating |
| C. | crawling peg |
| D. | pegged to basket of currencies |
| Answer» A. Managed flating | |
| 153. |
Under fixed exchange rate system, the currency rate in the market is maintained through |
| A. | official intervention |
| B. | rationing of foreign exchange |
| C. | centralising all foreign exchange operations with central bank of the country |
| D. | none of the above |
| Answer» A. official intervention | |
| 154. |
Euro was launched on |
| A. | 1999 |
| B. | 2000 |
| C. | 2002 |
| D. | 2004 |
| Answer» A. 1999 | |
| 155. |
Indirect rate of exchange is quoted in India for - |
| A. | sale of foreign travellers cheque |
| B. | sale of rupee travellers cheques |
| C. | purchase of personal cheques |
| D. | none of the above |
| Answer» D. none of the above | |
| 156. |
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 |
| Answer» D. Value tomorrow | |
| 157. |
The transaction in which the exchange of currencies takes place at a specified future date, subsequent to the spot date is known as a |
| A. | swap transaction |
| B. | forward transaction |
| C. | future transaction |
| D. | non-deliverable forwards |
| Answer» B. forward transaction | |
| 158. |
The buying rate is also known as the |
| A. | bid rate |
| B. | offer rate |
| C. | spread |
| D. | swap |
| Answer» A. bid rate | |
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