part 8

37. Arbitrage is

a)   Buying and selling in two markets simultaneously

b)   A rate of interest

c)    A Fee

d)   Arbitrage is a dispute

e)   None of these

Ans: (a)

38. E E F C denotes

a)   Exchange Earners Foreign Currency Account

b)   Importer’s account with Bank

c)    Account maintained by a exporter with RBI

d)   None of these

Ans: (a)

39. For which of the following currencies is the Indian rupee quoted against 100 units of the foreign currency

a)   Deutsche Mark

b)   Pound

c)    Japanese Yen

d)   US Dollars

Ans: ( c )