Sunday, November 8, 2009

Numericals in the Paper of International Trade Finance and Forex Operations

If you are preparing for JAIBP exams, I recommend you to make a plan atleast three months before the exam date. Do a detail study of give syllabus outline in intial two months and in the last month you solve all the up-to-date papers of the relevant subject, which are already available on IBP website.

But don't think that the pattern of the exam will remain the same, as it is always changed from various perspectives. In the exam on Winter 2009 Int'l Trade paper there was not a single numerical. Although there were numericals in all the previous papers but this time there was not a single one. So they can always change the format, unexpectidly, so be prepared for the surprises.

Previous Kinds of Numericals

In the previous papers there are two kinds of numericals, first are the forex numericals in which you have to deal with the currency exchange rates and usually have to interpret the quoted forward rates.
The second type is of treasury positions, in which you have to handle the square, overbought and oversold position.

For the first kind of numericals I was fully prepared but for the second kind there was not a perfect prep. So I feel my self lucky that I didn't got the numericals.

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