Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Victor new exchange seller of your bank, are taught that your bank has sold an agreement with following rates on Copenhagen for spanish dollar

1. Victor new exchange seller of your bank, are taught that your bank has sold an agreement with following rates

on Copenhagen for spanish dollar 132390 at the speed of Danish Kroner 1 = 3.890. You

are expected to cover the trade either in London or New York market. The rates on

that date are as under:

Mumbai-London $73.78 $56.7879

SPAIN-MUMBAI $ 56.89 $57.989

SPAIN-Copenhagen SD 45.89 SD78.89

New York-MUMBAI DK 3.79 SD 3.896

In which market will you cover the trade, London or New York, and what will be the

exchange advantage or incident on the trade? Negligence organizations.

2. Discount on charges restricted is ... ..

A. A compensation amassed at this point not got B. A danger

C. An expense D. Pay stretched out beyond time

3. NPA addresses... ... .

A. Non Performing Assets B. Commonplace Performing Assets

C. Public Performing Asset D. None of these

4. Plan 1 is stressed over ... .

A. Cash and counterbalance with RBI B. Capital

C. Stores and Surplus D. Adventures

5. . ... is showed up under Schedule 15.

A. Premium procured B. Advantage C. Interest Expended D. Distributions

6. Affirmation, upholds and various responsibilities go under the head...

A. Plans and Contingencies B. Sudden liabilities

C. Stores D. Borrowings

7. Assets are NPAs for a period not outperforming a year are called ... .

A. Standard Assets B. Unsuitable Assets

C. Uncertain Assets D. Adversity Assets

8. Assets are NPAs for a period outperforming a year are called ... .

A. Standard Assets B. Unacceptable Assets

C. Questionable Assets D. Mishap Assets

9. . ... is a kind of comprehension between two social affairs wherein one get-together agrees to make incredible for loss of another.

A. Understanding B. Assurance C. Banking D. Regular resource

10. The game plan of insurance is called as ... ..

A. Procedure B. Premium C. Annuity D. None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

9th Edition

111970958X, 9781119709589

More Books

Students also viewed these Accounting questions