1.On January 28, 2013 a shipper client mentioned a Bank to transmit Singapore Dollar

(SGD) 2,500,000 under a permanent Letter of Credit (LC). Notwithstanding, because of unavoidable

factors, the Bank could impact the settlements just on February 4, 2013. The between bank

market rates were as per the following:

January 28, 2013 February 4, 2013

US$ 1= $ 45.85/45.90 $45.91/45.97

GBP 1 = US$ 1.7780/1.7460 US$ 1.7798/1.7355

GBP 1 = SGD 3.1523/3.1567 SGD 3. 1380/3.1560

The Bank wishes to hold a trade edge of 0.195%

Required:

What amount does the client remain to acquire or lose because of the deferral?

(Note: Calculate the rate in products of 0.10)

2. The thought in protection for covering the danger is called ... .

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

3. . ... is the gathering who embraces the danger in protection.

A. Guarantor B. Assurer C. Guarantor D. These

4. The gathering whose hazard is canvassed in protection is known as ... .

A. Guarantor B. Protected C. Guarantor D. None of these

5. In ... ., the guarantor consents to pay a specific amount of cash to the policyholder either on his demise or a specific age, which at any point is less.

A. Fire Insurance B. Marine Insurance C. Theft Insurance D. Disaster protection

6. General Insurance incorporates ... .

A. Fire Insurance B. Marine Insurance C. Theft Insurance D. These

7. LIC was nationalized in ... ..

A. 1935 B. 1950 C. 1956 D. 1964

8. Protection business in India is managed by ... .

A. LIC B. IRDA C. RBI D. SEBI

9. Under ... ., the whole guaranteed is given to the recipient just on death of policyholder.

A. Entire Life Policy B. Blessing Policy C. Annuity D. None of these

10. . ... ..is the sum payable to the guaranteed on the occurrence of occasion.

A. Premium B. Annuity C. Guarantee D. Strategy