The 'forward market' in foreign exchange deals with: MCQ with Answer and Explanation

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The 'forward market' in foreign exchange deals with:

A. delivery of currencies at a future date at a predetermined rate

B. immediate delivery of currencies

C. only spot transactions

D. only government transactions

Answer: Option A

Solution (By JKSSB Mock Tests)

The forward market deals with contracts for future delivery of currencies at predetermined rates.

This question belongs to: Economy GK Economy Set 1

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Question #1

The guiding philosophy of NITI Aayog is:

A. centralized planning

B. command economy

C. import substitution

D. cooperative federalism

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Correct Answer: Option D

Explanation:
NITI Aayog works on the principle of cooperative federalism.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bank for International Settlements' headquarters is in:

A. Zurich

B. Basel

C. Geneva

D. London

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Correct Answer: Option B

Explanation:
BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Federal Reserve System' is the central bank of:

A. Japan

B. United States

C. Germany

D. United Kingdom

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Correct Answer: Option B

Explanation:
The Federal Reserve System is the central bank of the United States.

This question belongs to: Economy GK Economy Set 1

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