Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Financial Markets Capital Market
Choose the correct code for the following statements being correct or incorrect.
Statement I : FX Spot is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.
Statement II : The date of maturity of a forward contract is more than two business days in future.
1
Both the statement I and II are correct.
2
Both the statement I and II are incorrect.
3
Statement I is correct, but II is incorrect.
4
Statement II is correct, but I is incorrect.