General Studies · International Finance
Which of the following statements is true regarding the foreign exchange market?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The role of the Central Bank in the foreign exchange market is commercial in nature.
- 2Forward exchange rate is the rate of that day on which the transaction has taken place.
- 3Cross rate is the rate of exchange of two currencies on the basis of exchange quotes of other pairs of currencies.✓
- 4The rate at which a foreign exchange dealer is ready to sell a currency is called the bid rate.
Correct answer
Cross rate is the rate of exchange of two currencies on the basis of exchange quotes of other pairs of currencies.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Finance MCQs →Want more practice questions on International Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · International Finance