| Column I | Column II | ||
| (A) | Visits to foreign countries for sightseeing | 1. | Appreciation of currency |
| (B) | Incentives for exports | 2. | Spot market |
| (C) | Market in which receipts and payments take place at the same time | 3. | Forward market |
| (D) | Market in which sale and purchase of foreign currency is fixed on a specified future date at a rate decided today | 4. | Depreciation of currency |
A) A - 4, B - 3, C - 2, D - 1
B) A - 3, B - 1, C - 4, D - 2
C) A - 4, B - 1, C - 2, D - 3
D) A - 1, B - 2, C - 3, D - 4
Correct Answer: C
Solution :
[c] A - 4, B - 1, C - 2, D - 3
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