The Currency Convertibility concept in its original form is originated in___________.

The currency convertibility concept in its original form originated in

A

Wells Agreement

B

Bretton Woods Agreement

C

Taylors Agreement

D

None of the above

Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.

A

Both statements are correct

B

Both statements are incorrect

C

Statement I is correct, but Statement II is incorrect

D

Statement II is correct, but Statement I is incorrect

Which of the following statement is true?
Statement I Cross rate represents when one unit of foreign currency is represented in the terms of another foreign currency.
Statement II Cross rates are determined only with the help of domestic currency and the foreign currency.

A

Both statements are correct

B

Both statements are incorrect

C

Statement I is correct, but Statement II is incorrect

D

Statement II is correct, but Statement I is incorrect

Which of the following option is correct?
Statement I Direct quote is when the foreign currency remains fixed and the home currency keeps on varying.
Statement II Quotations in direct quote are the ones that represent the value of a foreign currency in rupees (number of rupees per currency) are denoted as direct quotations.

A

Both statements are correct

B

Both statements are incorrect

C

Statement I is correct and Statement II is incorrect

D

Statement II is correct and Statement I is incorrect

The given statements are related to financial derivatives. Choose the correct answer for the statements being correct or incorrect.
Statement I A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.

A

Statement I is correct, but Statement II is incorrect

B

Statement II is correct, but Statement I is incorrect

C

Both statement are correct

D

Both statements are incorrect

Convertibility of a currency is indicated by its

A

Conversion at market rates

B

Conversion at market rates, but subject to quantity restriction by government

C

Conversion at market rate without any quantitative restriction by government

D

Conversion at official rate

The accounting concepts related to Balance Sheet are
1. Realisation Concept
2. Cost Concept
3. Matching Concept
4. Accounting Equivalence Concept
Select the correct answer

A

1 and 4 are correct

B

2 and 3 are correct

C

1 and 3 are correct

D

2 and 4 are correct

For _________ currency conversions, the pivot currency and reporting currency are the same.

A

one-to-one

B

many-to-one

C

many-many

D

all of the mentioned

In the question two statements are given, followed by two conclusions, I and II. You have to consider the statements to be true even if it seems to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement I: Some notes are coins Statement II: All notes are currency Conclusion I: No coins are currency Conclusion II: Some currency are coins

A

Only conclusion I follows

B

Only conclusion II follows

C

Both conclusions I and II follow

D

Neither conclusion I nor conclusion II follows

Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as

A

Golden standard

B

Flexible exchange rate

C

Fixed exchange rate

D

Cross exchange rate

The Currency Convertibility concept in its original form is originated in___________.

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