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Foreign Exchange Series :: Assignment - 14



ASSIGNMENT – 14 (IB) 


1                    Units engaged in ________activities can be granted credit facility under FCNR (B)

a)   Manufacturing                                                b)         Trading
c)   Both (a) & (b)                                     d)         None of above

2                    Which type of credit facility can be granted under FCNR (B)?

a)   Cash Credit                                         b)         Term Loan
c)   Demand Loan                                     d)         Both (b) & (c)

3                    FCNR (B) demand loans can be sanctioned for a maximum period of _____months

a)   3                                                          b)         6
c)   9                                                          d)         12
4                    FCNR (B) Term Loan can be sanctioned for a period of ____to ____years

a)   1,2                                                       b)         1,3
c)   1,4                                                       d)         1,5

5                    ADs have to obtain prior clearance from FD Kolkatta, if FCNR (B) Term Loan is considered for a period of exceeding _____years

a)   2                                                          b)         3
c)   4                                                          d)         5

6                    FCNR (B) loan can be granted in _____designated currencies

a)   1                                                          b)         2
c)   3                                                          d)         4

7                    In which of the following currencies, FCNR (B) loans can be granted?

a)   USD, GBP, EURO, JPY                    b)         AUD, INR, USD, GBP
c)   AUD, INR, JPY, EURO                    s)         EURO, JPY, GBP, INR

8                    Under FCNR (B), minimum loan can be granted for USD _____or its equivalent in other currencies

a)   25000                                                  b)         50000
c)   75000                                                  d)         100000

9                    Credit facility exceeding USD ______million per borrower can not be granted under FCNR (B) without obtaining prior permission of DMD (IBG)

a)   20                                                        b)         30
c)   40                                                        d)         50


10                Sanction of FCNR (B) loans should not be communicated to the borrower before funds allocation clearance is obtained from ______

a)   RBI                                                     b)         FD Kolkatta
c)   Finance Ministry                                 d)         All of above

11                A quarterly alignment statement pertaining to FCNR (B) loan, every June, September, December and March, is submitted at by the branches to _______

a)   FD Kolkatta                                        b)         RBI
c)   Both (a) & (b)                                     d)         None of above

12                Under Option Contracts, “Currency Option”, gives buyer the _______a specific quantity of a currency at an agreed rate on or before a particular date

a)   Right to buy or sell                             b)         Obligation to buy or sell
c)   Both (a) & (b)                                     d)         None of above

13                Who is called a “Writer”, under Option Contracts?

a)   Option buyer                                       b)         Option seller
c)   Both (a) & (b)                                     d)         None of above

14                “Holder” under an option contract refers to ______

a)   Buyer of the option                             b)         Seller of the option
c)   Middleman in the option                    d)         Dealing Banker

15                “Put Option” under Option Contract gives the buyer of the option the right to _________a specified quantity of a currency on or before a particular date at an agreed rate

a)   Buy                                                     b)         Sell
c)   Both (a) & (b)                                     d)         None of above

16                “Call Option” under Option Contract gives the buyer of the option the right to _________a specified quantity of a currency on or before a particular date at an agreed rate

a)   Buy                                                     b)         Sell
c)   Both (a) & (b)                                     d)         None of above

17                “Premium” under Option Contracts refers to ________paid by buyer to seller for the option

a)   Price                                                    b)         Premium over face value
c)   Premium over market value                d)         Lesser of (b) & (c)




18                “Strike Price/Exercise Rate” under Option Contracts is _____ at which option to be exercised

a)   Market Price                                        b)         Face Value
c)   Rate                                                     d)         None of above

19                “European Option” in an Option Contract means the option can be exercised ________

a)   Only on expiry date                            b)         On or before expiry date
c)   Both (a) & (b)                                     d)         None of above
                                                                                                  
20                In Option Contract, an “American Option” can be exercised _________

a)   Only on expiry date                            b)         On or before expiry date
c)   Both (a) & (b)                                     d)         None of above
                                                                                                  


                                       KEY TO ASSIGNMENT – 14 (IB) 


1    c          2          d          3          d          4          d          5          b
6    d          7          a          8          b          9          a          10        b         
11  a          12        a          13        b          14        a          15        b
16  a          17        a          18        c          19        a          20        b
Foreign Exchange Series :: Assignment - 14 Reviewed by Manohar Veera on 8:29:00 PM Rating: 5

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