Question
On March 03, a saving bank customer in India, requests for issue a USD 10,000. The inter-bank currency rates are as under: Spot rate: 1 USD = Rs.85.00 /0.50 Sep forward margin = 0.35 / 0.40 Bank requires an exchange margin of 0.15%. What rate will be quoted and how much amount will be debited to customer's account.
More Financial Management Questions
- In the context of banking regulation, what is the key difference between 'resolution' and 'liquidation' of a failing bank?
- Which of the following is a limitation of the Value at Risk (VaR) approach, a widely used risk management tool, to measuring risk?
- Consider the following statements regarding the National Payments Corporation of India (NPCI): 1. It is an initiative of the Reserve Bank of India (RBI) an...
- The credit rating should have been reviewed at least once in how many months, for it to be valid for risk weighting purposes under Basel Ill?
- Which of the following were the objectives of the Twelfth Five-Year Plan? To create 50 million new job opportunities in agricultural sectors To remove g...
- Division III was inserted in Schedule III of the Companies Act, 2013 which prescribes the format for preparation of financial statements for _________.
- When a company issues shares to the public, it must meet certain regulatory requirements before proceeding with the allotment of these shares. One such req...
- A bank branch manager is facing a conflict between the credit team (which wants to follow conservative lending norms) and the sales team (which is pushing ...
- The term “leverage” in financial management typically refers to:
- Which among the following is not regulated by the Reserve Bank of India?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)