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CAIIB BFM Test Quiz Module A Set 1 (101-120) | CAIIB materials for December 2016

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CAIIB BFM Test Quiz Module A  Set 1 (101-120) | CAIIB materials for December 2016


CAIIB BFM MODULE-A SET-1


101) India Residents can draw exchange up to the limits prescribed for visit to Nepal.

a) True                  b) False



102) While visiting abroad to Europe, an Indian resident can spent exchange up to the eligibility by using his international credit card.

a) True                  b) False


103) Investment abroad by a trust, registered under Charitable Trusts Act, is allowed up to USD 5.00 million per year.

a) True                  b) False



104) Resident Indians can park their surplus currency balances, left out after return from abroad, in their RFCD account with a bank in India.

a) True                  b) False


105) As per FEDAI guidelines, forward contract booked by an exporter needs to be cancelled on the 7th working day, from the due date, if not picked up within the delivery period.

a) True                  b) False


106) Corporates can raise funds through ECBs for any amount, with the tenor and pricing left to the discretion of the borrower and the lender.

a) True                  b) False


107) ADRs can be registered in USA, under Securities and Exchange Commission.

a) True                  b) False



108) GDRs can be converted in to shares that it represents.

a) True                  b) False


109) The exchange rates of major currencies fluctuate every ________  seconds.

a) Ten

b) Four

c) Five

d) Seven



110) Main factors effecting exchange rates are technical,_________ and speculation.

a) Technical

b) Fundamental

c) Speculation

d) a & b above  

e) All the above



111) In a spot contract, settlement of funds take place on the_______ following the date of contract.

a) Second working day

b) On the spot

c) Due date  

d) Next day



112) If the currency is costlier in forward, it is said to be at a

a) Discount

b) Premium

c) Forward rate


113) If the forward value of the currency is cheaper, it is said to be at a __________

a) Discount

b) Premium

c) Forward rate



114) The date of settlement of funds is known as  __________ date.

a) Due

b) Settlement

c) Maturity

d) Value



115)  The rate at which the quoting party is ready to buy the currency is called ______ rate.

a) Offer

b) Spot

c) Bid

d) Currency



116) The dealers are official, who are actually involved in the _______  of currencies.

a) Buying

b) Selling

c) Buying & Selling



117) The section which handle processing of deals, reconciliation is called _______ .

a) Dealing room

b) Back office

c) Mid office



118) Import bills drawn under Letter of Credit must be crystallized into Rupees 
on the ____  day from the date of receipts of documents, if not paid by that date.

a) 7th

b) 30th

c) 10th

d) 21st



119) In terms of FEDAI rules, besides, Japanese Yen, ______ , is the other currency which is quoted as 100 units = so much Rupee

a) Indonesian Rupaih

b) Kenyan Schilling

c) Both of the above

d) None of the above



120) In case of excess of assets over the liabilities, the dealer will have __________ position.

a) Short

b) Long

c) Top

d) Down




Answers to Above Questions:-
101
B
105
A
109
B
113
A
117
B
102
A
106
B
110
B
114
D
118
C
103
B
107
A
111
A
115
C
119
C
104
A
108
A
112
B
116
C
120
B



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