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IMPORTANT FINANCIAL MCQs

Important Financial, Finance, International Trade And Finance

Total Questions : 66 | Page 5 of 7 pages
Question 41. A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989
  1.    The UN
  2.    NAFTA
  3.    NATO
  4.    IMF
 Discuss Question
Answer: Option B. -> NAFTA
Question 42. Bid Rate is a rate at which Bank _________
  1.    Sells
  2.    Negotiates
  3.    Trades
  4.    Buys
 Discuss Question
Answer: Option D. -> Buys
Question 43. Fixed Exchange Rate is permanently fixed
  1.    True
  2.    False
 Discuss Question
Answer: Option B. -> False
Question 44. Balance of Payment is a __________
  1.    Statement
  2.    Account
  3.    Summary
  4.    Both Statement And Account
 Discuss Question
Answer: Option D. -> Both Statement And Account
Question 45. A bill of lading is issued by the seller (exporter) evidencing shipment of goods
  1.    True
  2.    False
 Discuss Question
Answer: Option B. -> False
Question 46. Which Incoterm applies when the seller's obligations end once the goods are packed for transportation?
  1.    FOB
  2.    CIF
  3.    EX-WORKS
  4.    None of these
 Discuss Question
Answer: Option C. -> EX-WORKS
Question 47. Which are the sides of the crisis?
  1.    Banking Crisis
  2.    Capital and Trade Imbalance
  3.    Fiscal Crisis
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 48. When the trade involves Al-Wakalah letter of credit, what role does the bank assume in the transaction?
  1.    Agent for the importer
  2.    Agent for the exporter
 Discuss Question
Answer: Option A. -> Agent for the importer
Question 49. What is Purchasing Power Parity?
  1.    Is an economic theory that allows the comparison of the purchasing power of various world currencies
  2.    Difference between all money flowing into the country in a particular period of time
  3.    Societies and countries have differing levels of "development" on an international scale.
  4.    None of them
 Discuss Question
Answer: Option A. -> Is an economic theory that allows the comparison of the purchasing power of various world currencies
Question 50. The Nomial Exchange Rate is the relative price of currencies of two countries
  1.    False
  2.    True
 Discuss Question
Answer: Option B. -> True

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