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. immediate delivery of currencies

B. only government transactions

C. only spot transactions

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

Answer: Option D

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 'Golden Revolution' in India is associated with:

A. milk production

B. gold production

C. horticulture and honey production

D. wheat production

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Correct Answer: Option C

Explanation:
The Golden Revolution is associated with horticulture and honey production.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Monetary Fund' and 'World Bank' are both headquartered in:

A. New York

B. Geneva

C. Washington D.C.

D. Paris

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Correct Answer: Option C

Explanation:
Both the IMF and World Bank are headquartered in Washington D.C., USA.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Composition Scheme' under GST is available for goods suppliers with turnover up to:

A. Rs 10 crore

B. Rs 5 crore

C. Rs 1.5 crore

D. Rs 40 lakh

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Correct Answer: Option C

Explanation:
Composition scheme for goods is available up to Rs 1.5 crore.

This question belongs to: Economy GK Economy Set 1

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