aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Accounting and Finance for Bankers - 3 (JAIIB)
  • The forward rate (60 days) for the rupee is 49.05/$, wher...
Multiple choice

The forward rate (60 days) for the rupee is 49.05/$, whereas the spot rate for it is 48.20/$. The forward discount on Indian rupee will be

  1. 10.58%

  2. 4.97%

  3. 9.58%

  4. 5.97%

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Discount = 49.05 - 48.20 = 0.85 Thus, 0.85/49.05 x 100 x 12/2 = 10.58%

Keep practicing — related questions

  • The forward rate (60 days) for the rupee is 47.80/$ and the spot rate for it is 48.20/$. The forward premiu...
  • A fan is listed at Rs. 1050 with a discount of 20%. What additional discount must be offered to a customer ...
  • Which of the following statements are incorrect regarding Plasmodium vivax? P. Duration of exoerythrocytic ...
  • A shopkeeper earns a profit of 20% on selling a book at 5% discount on printed price. Find the ratio of the...
  • Calculate COGS from the data: Net profit = Rs.1,05,000, carriage inward = Rs. 15,000, carriage outward = Rs...
  • In April 2015, global rating agency Moody's forecasted that Indian economy will grow at _____.
  • If there is any delay in settlement of claim within 30 days other than an early claim, the insurer has to p...
  • Which of the following consumer grievance redressal agencies would handle consumer disputes amounting betwe...
Play the full quiz 🎤 Practise this topic out loud
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy