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1. Which of the following risk differentiate a Future Contract from Forward Contract. a. Currency Risk b. Interest Risk c.

Counter Party Risk d. None of these 2. Standard size of each US$ Future Contract on NSE is a. $500 b. $1,000 c. $1,500 d. $2,000 3. Minimum variation in currency price of any future contract is called a. Pick b. Pip c. Point d. Tick 4. For any business trips abroad, including conferences, seminars, study tours, or trainings, an individual can carry up to for each visit. a. $10,000 b. $15,000 c. $25,000 d. $30,000 5. World-wide Foreign Exchange Market operates a. From 9.00 a.m. to 4.00 p.m. b. From 8.00 a.m. to 3.00 p.m. c. From 10.00 a.m. to 5.0 p.m. d. 24X7 6. Major currencies traded in International Market is a. £ b. $ c. € d. INR 7. Currency System in which a developing country attaches its currency to a strong currency or basket of currency is called . a. Floating Rate System b. Pegging of Currency c. Crawling Peg System d. Target Zone Arrangement 8. The duration of Gold Standard was . . . . .

From 1876-1913 b. Foreign Exchange Dealers Association of India d. None of these 9. None of these 10. Transferable LC c.Letter of Credit in which beneficiary has right to instruct the paying bank to make credit available to one or more secondary beneficiaries is called . What is the full form of FEDAI a.a. From 1914-1944 c. None of these . From 1944-1973 d. Forex Entity Dealers About India b. Foreign Exchange Dealing Association of India c. a. Not negotiable LC b. Assigned LC d.