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 47.80/$ and t...
Multiple choice

The forward rate (60 days) for the rupee is 47.80/$ and the spot rate for it is 48.20/$. The forward premium on it will be

  1. 10.58%

  2. 4.97%

  3. 9.58%

  4. 5.97%

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

0.4/47.80 x 100 x 12/2 = 4.97%

Keep practicing — related questions

  • The forward rate (60 days) for the rupee is 49.05/$, whereas the spot rate for it is 48.20/$. The forward d...
  • If assets of Rs. 60,000 are purchased and shares of Rs. 10 each are issued at a premium of 20%, the number ...
  • Zenith Ltd. purchased furniture from Divesh for Rs. 2,20,000. 25% of the amount due was paid by cash and ba...
  • In a cup, tea cools from 90 degree Celsius to 80 degree Celsius in exactly 1 minute. It will cool from 70 d...
  • What is the total amount required to buy 150 shares, if the face value of the share is Rs. 45 and rate of p...
  • Which of the following statements are incorrect regarding Plasmodium vivax? P. Duration of exoerythrocytic ...
  • Directions: Completer the following number series. 47, 38, 29, 20, 11, ?
  • If there is any delay in settlement of claim within 30 days other than an early claim, the insurer has to p...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Interest and Annuities (638 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy