Which of the following statement indicates an Appreciation of INR to USD in future ?

a.

Future rate of INR/USD is greater than spot rate of INR/USD

b.

Spot rate of INR/USD is equal to future rate of USD/INR

c.

Future rate of USD/INR is less than Spot rate of INR/USD

d.

Spot rate of USD/INR is equal to future rate of INR/USD

e.

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Question 13

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The factor which creates the major difference between the future and forward contract is _______________

a.

Protection against fluctuating rates

b.

forex Rates

c.

Terms of contract

d.

Returns

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Question 14

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Gold and silver were used under this standard of International monetary system.

a.

Inter war period

b.

Bimettallism

c.

Bretton Wood System

d.

Flexible Exchange rate system

e.

Current exchange rate agreements

f.

Classical Gold standard

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Question 15

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1. The return on investment in USA and India are found to be 10% and 6% respectively. The currency value of India will ________________ in future

a.

Appreciated

b.

No change in value of currency

c.

Depreciated

d.

Forward premium