What is the reason for allowing currency futures on recognized stock exchanges? a) to provide hedging opportunities to residents. b) to facilitate efficient price delivery, wider participation, reduction in transaction cost c) Both (a) & (b) d) None of these ibps banking awareness questions 03 Which of the following is not correct regarding Currency Futures in India? a) Size of each contract will be USD 1000 for USD—INR contracts b) The contract shall be quoted and settled in Indian Rupees c) Maturity of the contracts shall not exceed 6 months d) Settlement price for USD-INR and Euro —INR contracts shall be Reserve Bank's Reference Rates e) None of these 04 The maturity period of the contracts relating to currency futures in India shall not exceed months. a) 3 b) 6 c) 9 d) 12 e) None 05 For which of the following types of contracts, settlement price shall the exchange rate published by RBI on last trading day? a) USD—INR b) Eur0—INR c) GBP—INR d) None 06 Who may purchase or sell currency futures to hedge an exposure to foreign exchange rate risk or otherwise? a) Persons resident in India b) Indian Citizens c) Non Resident Indians d) All of these e) Only (a) & (c) 07 What is the approximate share of public sector banks in the total deposits of banks as on 30th Sept 097 a) 74% b) 76%
Practice Exercise - 81 [ Banking Awareness ]
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