Qa. Uday is a new joiner at a currency exchange firm. His first task given by the manager is to prepare a report on trends in the major currency exchange quotes for the past year. However, Uday has little knowledge about the participants in the foreign exchange market. Brief Uday about the various participants in the foreign exchange market for successfully executing his task. (5 marks)

Qb. Regulatory mechanisms are implemented to ensure that there is always a balance between the inflow of money and the outflow of funds so that the financial markets are able to function efficiently and effectively. Explain the important regulatory authorities in India with their functions. (5 marks)

Extra information - Answers to be explained in more than 1000 words - each subsection should consist of more than 500 words, not to copy answer from internet, parameter for answering the assignment questions - Introduction 20%, Concepts and Application related to the question 60%, Conclusion 20%