MCQOPTIONS
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MCQOPTIONS
| 1. |
Many a time we read in the newspapers a term 'Hot Money'. Which of the following is the correct definition of Hot Money? |
| A. | This is the fund which is dumped into a country to get the advantage of a favourable interest rate and hence brings higher returns. |
| B. | This is the fund which is provided by a bank in US Dollar at very short notice and at a very high rate of interest and for a longer period of repayment |
| C. | This is the fund which is pushed into market through Hawala or some other such illegal method and is sometimes referred to also as Black Moeny |
| D. | Both 'a' and 'c' |
| Answer» B. This is the fund which is provided by a bank in US Dollar at very short notice and at a very high rate of interest and for a longer period of repayment | |