Question
Which of the following conventions does not have its
genesis in the United Nations Conference on Environment and Development?Solution
United Nations Conference on Environment and Development (1992) Convened by General Assembly resolution 44/228 of 20 December 1988 Held in Rio de Janeiro, 3-14 June 1992 Known at the time as the Earth Summit Rio Declaration on Environment and Development, a series of principles defining the rights and responsibilities of States Agenda 21, a global plan of action to promote sustainable development Statement of Forest Principles, a set of principles to underpin the sustainable management of forests worldwide Two multilateral treaties were opened for signature: United Nations Framework Convention on Climate Change (UNFCCC) Convention on Biological Diversity, also called for several major initiatives in other key areas of sustainable development, such as, a global conference on Small Island Developing States; negotiations began for a Convention to Combat Desertification, and for an agreement on highly migratory and straddling fish stocks.
The exchange rate system where the value of a currency is determined by market forces is called a:
Exchange rate determination by comparing purchasing power of currencies is:
A foreign subsidiary reports its accounts in USD. On consolidation, the holding company translates the figures into INR. Which rate should be used for i...
If USD/INR = 83.00 and GBP/USD = 1.25, what is the GBP/INR cross rate?
The theory that states the exchange rate between two currencies is determined by the relative price levels in the two countries is the:
An importer based in India has a large payment to make in EUR after 2 months. To reduce exchange rate risk, the firm buys a European Call Option with a ...
A firm in India has to pay €5 million in 3 months. They expect the rupee to depreciate against the euro. Which of the following hedging tools will bes...
The difference between the buying and selling rates quoted by a dealer is called:
An Indian exporter receives a payment of USD 50,000 when the exchange rate is ₹83/USD. At the year-end, the rate drops to ₹80/USD and the amount is ...
ParentCo has a net investment in foreign subsidiary of USD 50m. It borrows USD 30m to hedge part of the net investment. The USD loan is designated as a ...