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

Question
The 'forward market' in foreign exchange deals with:
A. delivery of currencies at a future date at a predetermined rate
B. only government transactions
C. only spot transactions
D. immediate delivery of currencies
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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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'Impossible Trinity' in open economy macroeconomics?
A. Only fiscal policy is constrained
B. A country can achieve only two of the three: fixed exchange rate, free capital flows and monetary independence
C. A country can simultaneously maintain a fixed exchange rate, free capital mobility and independent monetary policy
D. All three objectives are always compatible
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Correct Answer: Option B

Explanation:
The impossible trinity (or trilemma) states that it is impossible for a country to maintain a fixed exchange rate, free capital mobility and an independent monetary policy at the same time.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'unemployment rate' under usual status considers a person unemployed if:
A. not working for a long period and seeking work
B. retired
C. not working for one day
D. not working for a week
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Correct Answer: Option A

Explanation:
Usual status unemployment refers to unemployment over a long reference period.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'UDAY' scheme for power distribution companies was launched in:
A. 2014
B. 2017
C. 2016
D. 2015
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Correct Answer: Option D

Explanation:
UDAY was launched in 2015.
This question belongs to: Economy GK Economy Set 1
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