1.U TURN limited has imported products for US $ 852624.58. The sum is payable after

a quarter of a year. The organization has likewise sent out

merchandise for US $ 4,50,000 and this

sum is receivable in two months. For receivable sum a forward agreement is

effectively taken at ' 48.90.

The market rates for Rupee and Dollar are as under:

Spot 48.50/70

Two months 25/30 focuses

Three months 40/45 focuses

The organization needs to cover the danger and it has two alternatives as under :

I. To cover payables in the forward market and

ii. To slack the receivables by one month and cover the danger just for the net

sum. No premium for deferring the receivables is procured. Assess both

the choices if the expense of Rupee Funds is 12%. Which alternative is ideal?

2. A program posting things of business to be executed in a gathering :

a) Warrant c) Agenda

b) Minutes d) None of the abovementioned.

3. Which of coming up next is a kind of protection correspondence letter ?

a) Reporting misfortune c) Both a) and b)

b) Overdraft limit d) C Form.

4. The primary assortment letter ought to be written in ______________ way :

a) Firm c) Strict

b) Polite d) None of the abovementioned.

5. The _____________________ is determined in rate term say 2 paise per hundred

rupees for fire protection.

a) Restricted misfortune c) Maturity esteem

b) Sum Assured d) Premium.

6. An organization may not charge the maximum of offers yet recuperate in portions that are

known as "______________".

a) First call c) Final call

b) Second Call d) Call.

7. "Undertaking are paid to make abundance not to control cost" is said by :

a) John Keats c) Charles Darwin

b) Peter F Drucker d) AL Bowley.

8. It is prudent to send a duplicate of ___________ showing unpaid debts of installment to the organizations

prior to sending the assortment letter.

a) Proclamation of records,

b) Statement of Affair.

c) Statement showing Balance Sheet.

d) All of the abovementioned.

9. Which highlight of banking administrations ought to be utilized when the payee reports that he has not

gotten the instrument.

a) Change of signatories c) Status Enquiries

b) Overdraft limit d) Stop installment.

10. Date of next gathering ought to be referenced in :

a) Notice c) Agenda

b) Minutes d) All of the abovementioned.