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

Question

Share Report Error

The 'spot market' in foreign exchange deals with:

A. futures only

B. options only

C. immediate delivery of currencies

D. future delivery of currencies

Answer: Option C

Solution (By JKSSB Mock Tests)

Spot foreign exchange transactions involve immediate delivery of currencies.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Laffer curve' was popularized by which economist?

A. John Maynard Keynes

B. Paul Samuelson

C. Milton Friedman

D. Arthur Laffer

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Laffer curve was popularized by Arthur Laffer.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of international trade, 'Most Favoured Nation' (MFN) treatment means:

A. Equal trade treatment to all member countries

B. Preferential treatment to one country only

C. Higher tariffs for all countries

D. Ban on imports from certain countries

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
MFN principle under WTO requires that any advantage granted to one member country must be extended to all other members, ensuring non-discrimination.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Availability Heuristic'?

A. Memory has no effect on probability judgments

B. Only statistical frequencies matter

C. People always use base rates correctly

D. People assess the probability of an event by the ease with which instances come to mind

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The availability heuristic leads people to judge the likelihood of events by how readily examples can be recalled, which can produce systematic biases when memory is distorted by vividness or recency.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs