MM plc is a company based in India, where the currency is the Indian Rupee (IR). They owe money to a supplier in Riania, where the currency is Riania Dollars (R$). The amount owing is R$ 240,000. The current exchange rate is IR/R$ 8.6380 – 9.2530 How many Indian Rupees will MM plc have to pay?

A plc receives $100,000 from a customer in the US. The exchange rate is $/£ 1.6250 – 1.6310. How many £’s will A plc receive?

Mr. Pranav, desires to obtain Foreign Exchange for the following purposes as on 22.01.24.Exporting of finished products to Ethiopia from his subsidiary firm located in ArgentinaImporting parts and components to his firm located in Pune from ChinaPune based firm making an overseas investment in Ghana Describe the currencies involved that he needs to trade and indicate them with a flowchart.How various components in India’s Balance of Payments will be affected due to these transactions – illustrate the various components of the BoP.

Question 1 Rara and Riri are in partnership sharing profits and losses 4:2. Under the terms of the partnership agreement, the partners are entitled to interest on capital at 7 per cent per annum and Riri is entitled to a yearly salary of RM7,500. Interest is charged on drawings at 5 per cent per annum and the amounts of interest are given below. No interest is charged or allowed on current accounts. The partners’ capitals at 1 July 2021 were: Rara RM40,000 and Riri RM20,000. The net trading profit of the firm, before dealing with partners’ interest and Riri’s salary for the year ended 30 June 2022 was RM25,900. Interest on drawings for the year amounted to RM400 for Rara and RM370 for Riri. At 1 July 2020, there was a credit balance of RM1,200 on Riri’s current account, while Rara’s current account balance was a debit of RM500. Drawings for the year to 30 June 2022 amounted to RM10,000 for Rara and RM15,000 for Riri. Required: Prepare, for the year to 30 June 2022: (a)The firm’s profit and loss appropriation account

Calculate the Net National Product at market price : [3]( ₹ in Crores)(i) Mixed income of self-employed 8,000(ii) Depreciation 200(iii) Profit 1,000(iv) Rent 600(v) Interest 700(vi) Compensation of employees 3,000(vii) Net indirect taxes 500(viii) Net factor income to abroad 60(ix) Net exports (-) 50

Amount received on Rs. 3000 for 2 years at the rate of 11% per annum is: