If two banks are quoting the following GBP rates: Bank A: Rs.78.9810-7 – McqOptions

MCQOPTIONS

1.	If two banks are quoting the following GBP rates: Bank A: Rs.78.9810-79.1110 and Bank B: Rs.79.0110-19.2350. The arbitrage opportunity will be _________________
A.	100
B.	0
C.	124
D.	142
Answer» C. 124

Discussion

No Comment Found

Related MCQs

Systematic record of economic transactions of a country during given period of time is known as .
Reserves are held in the following forms, except .
The monetary penalty payable under FERA was nearly ___________times the amount involved.
As per FEMA, no person, other than ________ would enter in any transactions of the foreign currency.
RBI has granted license to certain established firms, hotels and other organizations permitting them to deal in foreign currency notes, coins and travelers cheques. They are termed as ___________
FEDAI stands for _____________
____________ can authorize a person / company to deal in foreign exchange.
__________ implies investment made with an intent of obtaining an ownership stake in an enterprise domiciled in a country by an enterprise situated in some other country.
__________ is the process of analyzing and ranking proposed projects to determine which ones deserving of an investment.
Walmart opening a new retail outlet is an example of _______________ project.