1.An African trading firm, Richardson and Bros.,

would be cover itself against a possible

deterioration of pound real. The accompanying information is given:

Receivables of Richardson and Bros 952635.366

Spot rate $ 85.652/

Installment date3-months

3 months premium rateAfrica : 19.622% per annum

UK : 5.302% per annum

How should the exporter respond?

2.The nature of communicating much in couple of words.

a) Exigency c) Apprises

b) Brevity d) None of these.

3.To pull out to illuminate or prompt :

a) Pecuniary c) Apprises

b) Brevity d) None of the abovementioned.

4.To reduce to short form

a) Exigency c) Previnary

b) Sulpur d) Condensing.

5. Clarify in single word "To bargain out" :

a) Condensed c) Persist

b) Dispensed d) Inevitable.

6. Clarify the sentence in single word = "incapable to be kept away from" :

a) Dispensed c) Remittance

b) Inevitable d) Condensing.

7. Greeting of "course on transporter" is a :

a) Advertisement c) Public Notice.

b) Notice d) To lessen to short shape :

8. Plural Form of reminder :

a) Memorand c) both a) and b).

b) Memoranda d) None of the abovementioned.

9. Full type of ESOP :

a) Employee Sale Option Plan c) Employee Stock Option Plan

b) Employee Stock Option Proceder d) None of the abovementioned.

10.. Reminders may identify with :

a) Show Cause Notice c) Both a) and b)

b) Charge - sheet d) None of the abovementioned.