CAIIB-BFM Following are the Inter bank quotes on a certain date: Spot USD INR 64.60/65 1 month 8/

CAIIB-BFM Following are the Inter bank quotes on a certain date: Spot USD INR 64.60/65 1 month 8/10 2 month 18/20 3 month 28/30 Spot GBP USD 1.7500/7510 1 month 30/20 2 month 50/40 3 month 70/60 All the above difference are for the month and fixed dates and the bank margin is 3 paise. 1. An exporter has presented an export demand bill (sight document) for USD 300000 under irrevocable LC. What will be the rate at which the documents will be negotiated? a. 64.5700 b. 64.6000 c. 64.6500 d. 64.6800 2. An exporter has submitted 60 days usance bill for USD 25000 for purchse. At what rate the document will be purchsed? a. 64.7500 b. 64.7800 c. 64.8400 d. 64.8700 3. Your bank has opened a LC for import at the end of 2 months for GBP 30000. At what rate, the forward exchange will be booked? a. 78.3830 b. 98.3230 c. 113.3230 d. 128.3320 4. If the exchange margin is 3 paise for buying as well as selling, What is the bank's spread in % on customer transaction? a. 0.2465 b. 0.2175 c. 0.1702 d. 0.1352