International Finance Set 7

Bachelor of Management Studies (BMS)

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This set of International Finance Multiple Choice Questions & Answers (MCQs) focuses on International Finance Set 7

Q1 | Difference between except and import of goods and services______________.
  • Balance of Trade
  • Balance of Payment
  • Capital Account
  • Profit
Answer: Balance of Trade
Q2 | Balance of Trade =Net earnings on exports ___________
  • Net payment of Import
  • Net payment of export
  • Cost of Goods Sold
  • Income Tax
Answer: Net payment of Import
Q3 | Balance of Trade is a _________ concept.
  • Wider
  • Small
  • Narrow
  • Favorable
Answer: Narrow
Q4 | BOP Stands for ___________
  • Balance of Profit
  • Balance of Payment
  • Balance of Positive impact
  • Balance of Profit in Trade
Answer: Balance of Payment
Q5 | balance of payment = Current Account + balancing Item _____________
  • Saving Account
  • Fixed Deposit Account
  • Capital Account
  • Reserve Account
Answer: Capital Account
Q6 | Balance of payment Identity equation ______________
  • FA + RA + CA =0
  • RA + CA+ FA = 0
  • CA + FA+ RA = 0
  • CA + FA = 0
Answer: CA + FA+ RA = 0
Q7 | Balance of payment is a statement that records all __________ transactions between acountry and the rest of the world.
  • Goods
  • Cash
  • Credit
  • Monetary
Answer: Monetary
Q8 | IIP is a subset of the national _____________
  • Statement
  • Profit and Loan Account
  • Balance sheet
  • Financial Asset and Liability
Answer: Balance sheet
Q9 | ___________ was the first university implemented system for valuing currencies.
  • Gold Exchange
  • Gold Standard
  • Silver Coin
  • Bullions
Answer: Gold Standard
Q10 | International Monetary fund which was given the task of implementing and monitoringthe__________
  • BWS
  • IBRD
  • Nixon Stock
  • BSW
Answer: BWS
Q11 | BWS came into effect in July______________
  • 1939
  • 1945
  • 1944
  • 1970
Answer: 1944
Q12 | EURO is single currency of the European Monetary Union adopted on _______________
  • January 1,1999
  • January 1, 2000
  • January 1, 1997
  • January 1 1996
Answer: January 1,1999
Q13 | __________ supports sustainable investments in the private sector in developing countries.
  • IFC
  • IMF
  • World Bank
  • RBI
Answer: IFC
Q14 | Foreign Investment are recorded in the _________ of balance of payments.
  • Current Account
  • Saving Account
  • Capital Account
  • Fixed Deposit Account
Answer: Capital Account
Q15 | ___________ is widely used by Government for formulating policies for economy.
  • BOP
  • BOT
  • FDI
  • SDR
Answer: BOP
Q16 | Under gold standard system, countries gold reserves were required to be in custody of_________
  • Swiss Bank
  • Central Bank
  • Foreign Bank
  • Reserve Bank
Answer: Central Bank
Q17 | ________ is also known as price quotation.
  • Direct Quote
  • Indirect Quote
  • Spot Quote
  • Spread Quote
Answer: Direct Quote
Q18 | _________ is also known as price Quantity Quote.
  • Forward Quote
  • Indirect Quote
  • Spot Quote
  • Spread Quote
Answer: Indirect Quote
Q19 | _____ is todays quote.
  • Spot Quote
  • Forward Quote
  • Inter Bank Quote
  • Mid Quote
Answer: Spot Quote
Q20 | ___________ is also known as Bid office spread.
  • Direct Quote
  • Mid Quote
  • Spread Quote
  • Cross Currency Quote
Answer: Spread Quote
Q21 | ___________ is also known as reference rate.
  • Interbank Quote
  • Cross Currency Quote
  • Mid Quote
  • Bid and Ask Quote
Answer: Mid Quote
Q22 | Price of _________-- currency in terms of national currency.
  • Home
  • Foreign
  • National
  • Direct Rate
Answer: Foreign
Q23 | US Dollar serves as a _________ Currency.
  • Vehicle
  • Foreign
  • National
  • Forex Market
Answer: Vehicle
Q24 | Bid rate is lesser than _____________ rate.
  • Inverse
  • Ask
  • Cross
  • Foreign
Answer: Ask
Q25 | If two banks are quoting the following GBP rates: Bank A: Rs.78.9810-79.1110 andBank B: Rs.79.0110-19.2350. The arbitrage opportunity will be _________________
  • 100
  • 0
  • 124
  • 142
Answer: 0
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