Question
Vivek is a foreign exchange dealer. He enters into a
forex position and forgets to square the over bought position in a foreign currency. Which of the following risk is Vivek exposed to here?Solution
operational risk is the risk of loss arising from various types of human or technical error. Here the human error of forgetting to square off the position has exposed Vivek to risk of loss in the forex contract. Note - Operational risk has some form of link between credit and market risks. An operational problem with a business transaction could trigger a credit or market risk.
Name the company which became India's first firm to cross ₹6-lakh crore market capitalization?
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Who founded the city of Amritsar?
Consider the following statements:
1. The source of sunlight and heat is Nuclear Fusion.
2. The Hydrogen Bomb is based on Nuclear Fusion.<...
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First time in India's legislative Assembly history, union budget presented on 1st February ___________ ahead of usual date in the past.
The GST Council, that takes all decisions regarding implementation of GST, is headed by
