Timeline of Indias Mughal Empire

Timeline of Indias Mughal Empire The Mughal Empire stretched across most of northern and central India, and what is now Pakistan, from 1526 to 1857, when the British exiled the last Mughal emperor. Together, the Muslim Mughal rulers and their predominantly Hindu subjects created a golden age in Indian history, full of art, scientific achievement, and stunning architecture. Later in the Mughal period, however, the emperors faced increasing encroachment by the French and the British, which ended with the fall of the Mughal Empire in 1857. Timeline of Mughal India April 21, 1526: First Battle of Panipat, Babur defeats Ibrahim Lodhi, Sultan of Delhi, and founds Mughal EmpireMarch 17, 1527: Battle of Khanwa, Babur conquers the combined army of the Rajput princes and takes control of much of northern IndiaDec. 26, 1530: Babur dies, is succeeded by son HumayanJuly 11, 1543: Pashtun leader Sher Shah Suri defeats Humayan, drives him into exile in Afghanistan1554: Humayan travels to Persia, hosted by Safavid emperorJuly 23, 1555: Discord among Sher Shah Suris successors allows Humayun to retake control of northern India, be restored to Mughal throneJan. 17, 1556: Humayan falls down stairs and dies, succeeded by 13-year-old son Akbar, later Akbar the GreatNov. 5, 1556: Second Battle of Panipat, child Emperor Akbars army defeats Hemus Hindu forces1560s - 1570s: Akbar consolidates Mughal rule over much of northern and central India, as well as what is now Pakistan and BangladeshOct. 27, 1605: Akbar the Great dies, succeeded by his son Jahangir1613: The British East India Company defeats Portuguese at Surat, Gujarat State and establishes the  first warehouse in India 1615: Britain sends the first ambassador, Sir Thomas Roe, to Mughal court1620s: Mughal art reaches a high point under Jahangirs rule1627: Emperor Jahangir dies, succeeded by son Shah Jahan1632: Shah Jahan orders destruction of newly-built Hindu temples, breaking with Mughal record of religious tolerance1632: Shah Jahan designs and begins building Taj Mahal as a tomb for his favorite wife, Mumtaz Mahal1644: British East India Company builds Fort St. George in Madras (now Chennai), southeast coastal India1658: Aurangzeb imprisons his father, Shah Jahan, for the rest of his life in the Red Fort at Agra1660s-1690s: Aurangzeb expands Mughal rule to more than 3.2 million square km, including Assam, the Deccan plateau, and parts of southern India1671: Aurangzeb orders construction of the Badshahi Mosque at Lahore, now in Pakistan1696: Establishment of British East India Companys Fort William on Ganges delta, fort and trading factory which becomes Calcutta (Kolkata)March 3, 1707: Death of Au rangzeb marks the end of Mughal Golden Era, beginning of slow decline; he is succeeded by son Bahadur Shah I Feb. 27, 1712: Bahadur Shah I dies, succeeded by incompetent son Jahandar ShahFeb. 11, 1713: Jahandar Shah is executed by agents of nephew Farrukhsiyar, who takes the Mughal throne1713 - 1719: Weak-willed Emperor Farrukhsiyar falls under the control of Syed brothers, two generals and king-makers who had helped depose Jahandar ShahFeb. 28, 1719: Syed brothers have Emperor Farrukhsiyar blinded and strangled; his cousin Rafi ud-Darjat becomes new Mughal emperorJune 13, 1719: 19-year-old Emperor Rafi ud-Darjat is murdered at Agra after just three months on the throne; Syeds appoint brother Rafi ud-Daulah to succeed himSept. 19, 1719: Syeds kill 23-year-old Emperor Rafi ud-Daulah after three months on the throneSept. 27, 1719: Syed brothers place 17-year-old Muhammad Shah on Mughal throne and rule in his name until 1720Oct. 9, 1720: Emperor Muhammad Shah orders Syed Hussain Ali Khan killed at Fatehpur SikriOct. 12, 1722: Emperor Muhammad Shah has Syed Hassan Ali Khan Barha poisoned to dea th, takes power in his own right 1728 - 1763: Mughal-Maratha Wars; Marathas seize Gujarat and Malwa, raid DelhiFeb. 13, 1739: Nader Shah of Persia invades India, wins Battle of Karnal, loots Delhi, steals Mughal Peacock ThroneMarch 11, 1748: Battle of Manipur, Mughal Army defeats Durrani invasion force from AfghanistanApr. 26, 1748: Emperor Muhammad Shah dies, succeeded by 22-year-old son Ahmad Shah BahadurMay  1754: Battle of Sikandarabad, Marathas defeat Mughal Imperial Army, kill 15,000 Mughal troopsJune 2, 1754: Emperor Ahmad Shah Bahadur deposed and blinded by Vizier Imad-ul-Mulk; former emperor spends rest of life in prison, dying in 1775June 3, 1754: Imad-ul-Mulk appoints Alamgir II, the 55-year-old second son of Jahandar Shah, as the new Mughal Emperor1756: British make lurid charges about imprisonment and death of 123 British and Anglo-Indian troops by Bengali captors in Black Hole of Calcutta; story likely fabricatedNov. 29, 1759: Imad-ul-Mulk and Maratha ruler Sadashivrao Bhau conspire to murder Alamgir II, place Aurangzebs grandson Shah Jahan III on Mughal throne Oct. 10, 1760: Shah Jahan III deposed after less than a year, but survives until 1772; succeeded by Alamgir IIs son, Shah Alam IIOct. 1760 - 1806: Emperor Shah Alam II, in alliance with Durranis, works to restore the glory of Mughal EmpireOct. 23, 1764: Battle of Buxar, British East India Company defeats the combined army of Emperor Shah Alam II and the nawabs of Awadh and BengalNov. 19, 1806: Emperor Shah Alam II dies, marking the end of effective leadership from Mughal Dynasty; he is succeeded by hapless son Akbar Shah II, who is a puppet of the BritishSept. 28, 1837: Akbar Shah II dies at age of 77, succeeded as a puppet ruler by son Bahadur Shah II1857: Use of pork and/or beef fat on army cartridges sets off the Sepoy Mutiny or Indian Revolt1858: British use Indian Revolt of 1857 as the pretext to exile last Mughal Emperor, Bahadur Shah II, to Rangoon, Burma; Mughal dynasty ends

The Diet of the First Colonists in the Americas

The Diet of the First Colonists in the Americas The Kelp Highway Hypothesis is a theory concerning the original colonization of the American continents. Part of the Pacific Coast Migration Model, the Kelp Highway proposes that the first Americans reached the New World by following the coastline along Beringia and into the American continents, using edible seaweeds as a food resource. Revising Clovis First For the better part of a century, the main theory of human population of the Americas was that Clovis big game hunters came into North America at the end of the Pleistocene along an ice-free corridor between ice sheets in Canada, about 10,000 years ago. Evidence of all kinds has shown that theory to be full of holes. The ice free-corridor wasnt open.The oldest Clovis sites are in Texas, not Canada.The Clovis people were not the first people into the Americas.The oldest pre-Clovis sites are found around the perimeter of North and South America, all dating between 10,000 and 15,000 years ago. Sea level rises have inundated the coastlines that the colonizers would have known, but there is strong evidentiary support for the migration of people in boats around the Pacific rim. Even though their landing sites are likely submerged in 50–120 meters (165–650 feet) of water, based on the radiocarbon dates of what would have been inland sites, such as Paisley Caves, Oregon and Monte Verde in Chile; the genetics of their ancestors, and perhaps the presence of a shared technology of stemmed points in use around the Pacific Rim between 15,000–10,000, all support the PCM. Diet of the Kelp Highway What the Kelp Highway Hypothesis brings to the Pacific Coast Migration model is a focus on the diet of the purported adventurers who used the Pacific coast to settle North and South America. That diet focus was first suggested by American archaeologist Jon Erlandson and colleagues beginning in 2007. Erlandson and colleagues proposed that the American colonizers were people who used using tanged or stemmed projectile points to rely on an abundance of marine species such as marine mammals (seals, sea otters, and walruses, cetaceans (whales, dolphins, and porpoises), seabirds and waterfowl, shellfish, fish, and edible seaweeds. Supporting technology required to hunt, butcher and process marine mammals, for example, must have included seaworthy boats, harpoons, and floats. Those different food resources are found continuously along the Pacific Rim: so as long as the earliest Asians to start out on the journey around the rim had the technology, they and their descendants could use it from Japan to Chile. Ancient Art of Sea Faring Although boat-building was long considered a fairly recent capability- the oldest excavated boats are from Mesopotamia- scholars have been forced to recalibrate that. Australia, separated from the Asian mainland, was colonized by humans at least 50,000 years ago. The islands in western Melanesia have settled by about 40,000 years ago, and Ryukyu islands between Japan and Taiwan by 35,000 years ago. Obsidian from Upper Paleolithic sites in Japan has been sourced to Kozushima Island- three and a half hours from Tokyo by jet boat today- which means that the Upper Paleolithic hunters in Japan went to the island to obtain the obsidian, in navigable boats, not just rafts. Peopling the Americas The data on archaeological sites scattered around the perimeters of the American continents include ca. 15,000-year-old sites in places as widespread as Oregon, Chile, the Amazon rainforest, and Virginia. Those similarly aged hunter-gatherer sites dont make much sense without a coastal migration model. The proponents suggest that beginning somewhere between 18,000 years ago, hunter-gatherers from Asia used the Pacific rim to travel, reaching North America by 16,000 years ago, and moving along the coast, reaching Monte Verde in southern Chile within 1,000 years. Once people reached the Isthmus of Panama, they took different paths, some northward up the Atlantic coast of North America and some southward along the Atlantic South American coastline in addition to the pathway along Pacific Southern American coast that led to Monte Verde. The proponents also suggest that Clovis large-mammal hunting technology developed as a land-based subsistence method near the Isthmus before 13,000 years ago, and spread back upward into southern-central and southeastern North America. Those Clovis hunters, descendants of Pre-Clovis, in turn, spread northward overland into North America, eventually meeting the descendants of the Pre-Clovis in the northwestern United States who used Western Stemmed points. Then and only then did Clovis colonize the finally truly Ice-Free Corridor to mingle together in eastern Beringia. Resisting a Dogmatic Stance In a 2013 book chapter, Erlandson himself points out that the Pacific Coast Model was proposed in 1977, and it took decades before the possibility of the Pacific Coast migration model was seriously considered. That was because, says Erlandson, the theory that Clovis people were the first colonists of the Americas was dogmatically and emphatically considered received wisdom. He cautions that the lack of coastal sites makes much of the theory speculative. If hes right, those sites are submerged between 50 and 120 m below mean sea level today, and as a result of Global Warming sea levels are rising, so without new undreamt-of technology, it is unlikely that we will ever be able to reach them. Further, he adds that scientists should not simply replace received-wisdom Clovis with received-wisdom pre-Clovis. Too much time was lost in battles for theoretical supremacy. But the Kelp Highway Hypothesis and the Pacific Coast Migration Model are a rich source of investigation for determining how people move into new territories. Sources Erlandson, Jon M. After Clovis-First Collapsed: Reimagining the Peopling of the Americas. Paleoamerican Odyssey. Eds. Graf, Kelly E., C.V. Ketron, and Michael R. Waters. College Station: Center for the Study of the First Americans, Texas AM, 2013. 127–32. Print.Erlandson, Jon M., and Todd J. Braje. From Asia to the Americas by Boat? Paleogeography, Paleoecology, and Stemmed Points of the Northwest Pacific. Quaternary International 239.1 (2011): 28–37. Print.Erlandson, Jon M., et al. Ecology of the Kelp Highway: Did Marine Resources Facilitate Human Dispersal from Northeast Asia to the Americas? The Journal of Island and Coastal Archaeology 10.3 (2015): 392–411. Print.Erlandson, Jon M., et al. The Kelp Highway Hypothesis: Marine Ecology, the Coastal Migration Theory, and the Peopling of the Americas. The Journal of Island and Coastal Archaeology 2.2 (2007): 161–74. Print.Graham, Michael H., Paul K. Dayton, and Jon M. Erlandson. Ice Ages and Ecological Trans itions on Temperate Coasts. Trends in Ecology Evolution 18.1 (2003): 33–40. Print. Schmitt, Catherine. Maines Kelp Highway. Maine Boats, Homes Harbors Winter 2013.122 (2013). Print.

The Effects of Computer Science on the history of our Nations Wars Research Proposal

The Effects of Computer Science on the history of our Nations Wars - Research Proposal Example Generally, computer science refers to the study of some theoretical standing, with regard to computation and information, and often focuses on the practical application of the techniques, necessary for implementing them in computer systems (Diffie, 2008). Presently, a considerable number of disciplines under the scope of computer science do not exclusively incorporate the study of computers (Longo, 2008). Such disciplines include the military science, which incorporates the use of computer technology. Many scholars in the field of science have put a keen focus on the connections between the computer science on the theoretical basis and the execution of the military operations. This is with regard to how such operations were being planned and carried out, during the time of the Cold War. Since the 20th century, great effort has been put to the scientific researches in the military operations. This has led to the development of science-based military technology. These efforts have seen the subsistence of strong militaries across the world. For instance, the First World War, which is widely known as ‘the chemists’ war, was characterized by the application of many explosives (Diffie, 2008) owed to the computer science. Among the pioneer military technologies was the extensive use of the poison gas by the British and Germans, in 1915. Computer science also contributed to the development of the wireless communication technology, which advanced the methods of executing attacks, and detecting enemies, besides acting as a means of communication within the militaries. The wireless radio technology was a key player in the coordination of the German, British and American troops (Arquilla, 2011). By the Second World War, the computer technology had advanced the military technology, and at this time, the unveiling of the atomic bomb was marked (Bousquet, 2008). Hand in

Marketing Communications Essay Example | Topics and Well Written Essays - 2500 words - 1

Marketing Communications - Essay Example This not only allowed compliance with the marketing plans, but also succeeded in directly addressing the issue of consumer behaviour. This study emphasizes on the strategic significance of communication and the long term effect on the consumers. In this study, one of the biggest telecommunication companies of UK, O2, has been chosen to evaluate its communication mix. In addition, a comparative study between O2 and one of its arch rivals, Vodafone, has also been carried out. The key findings were that both O2 and Vodafone use almost all the elements of communication mix, except direct and personal selling. Although, it has been found that Vodafone is currently enjoying a better position in the market with its strong promotions and better plans, but the study has also shown that O2 has the potential to outshine Vodafone. In this context, the company can use its wide range of offerings to compete with Vodafone. One of the major limitations of the study was that it has been able to carry out secondary research only. It is believed that some kind of primary research along with this would have increased its credibility. Table of Contents 2 Introduction 4 Competition between two Brands 5 Literature Review 8 Market Overview 10 Research Methodology 11 Analysis and Discussion 11 Conclusions & Recommendations 17 Appendix 19 Introduction This paper looks into the marketing strategies of O2 and presents an evaluative study of the current strategies adopted by the company in contrast to its competitor, Vodafone. However, prior to that, brief overview of both the companies will be presented. O2 Telefonica UK Limited, commonly known as O2, is a UK based Telecommunication Company and is owned by Telefonica. The company is considered as the second largest telecommunication company of UK, right after Vodafone. O2 is presently headquartered at Slough, Berkshire, United Kingdom. It was founded in the year 1983 and Cellnet was its predecessor. Apart from the telecommunication servic es, the company also operates in financial service industry and internet service providing industry. Ronan Dunne serves as the present CEO of the company. Since his takeover from the previous CEO, the company has managed to do very well and has also succeeded in maintaining high revenue. O2 offers 2G, 3G and 4G services across the country and in some other parts of Europe. Furthermore, along with the wireless services, the company is proactive in fixed line services as well. The company uses its name as the logo and tries to portray an image where it acts as oxygen to the consumers with its name O2. The company is also active in the fields of charity and for that, it has tied up with groups. One of them is Academy Music Group. Partnering with them, the company has established O2 academy. Vodafone Vodafone Group is a telecommunications company based in London (Vodafone, n.d.). The company has the registered office in Berkshire. The company has influential operations in the internatio nal market and occupies the position of the third-largest mobile telecommunications company, after China Mobile and Singtel in terms of total number of subscribers (Celtnet, 2013). In June 2011, the company had 381.72 million subscribers (Rediff, 2011). The company has expanded its operations in more than thirty countries. Additionally, it has network of business partners in more than forty countries, apart

Explain the harmful effects of drugs such as ecstasy on the individual

In recent years, the rising use of addictive drugs has become one of the biggest social problems menacing certain countries. The illicit use of a variety of drugs appears to be increasing. Generally, a drug can be a substance, other than those required for the maintenance of normal health, which by its chemical nature alters the structure or function of a living organism. In this essay, drugs are more appropriate defined as psychoactive drugs such as ecstasy and cannabis, which lead to the influence of the central nervous system in mood, thought and behaviour. In addition, drugs can be classified into three categories  ¡V depressants, stimulants and hallucinogens (McGill, 2002, 78). It is widely believed that taking drugs can lead to harmful consequences on the individual and society. Therefore, this essay is concentrated on explaining the physical and psychological effects on individuals and the social impacts on society. Despite the belief that the perceived benefits outweigh the negatives, the negligence of the harmful consequences and dangers of drug taking results from the little or no drugs ¡Ã‚ ¦ knowledge among the drug takers. The truth is taking drugs may bring physical and psychological effects on individuals. Taking ecstasy as an example, also known as MethyleneDioxyMethAmphetamine, is a drug made with Lysergic Acid Diethylamide and amphetamines. The effects of ecstasy begin about thirty minutes after use and may last for four hours (Hurwitz, 1992, 21). Owing to the new development of youth  ¡Ã‚ §club ¡Ã‚ ¨ or  ¡Ã‚ §rave ¡Ã‚ ¨ culture, there is a rise of ecstasy use as recreational drugs among the young generation. Referring to National Drug Strategy, it explains that 40 per cent of the Australian population aged 14 or older has tried cannabis which is the most widely used illicit drug in Australia. This is followed by ecstasy which is the most frequently used amphetamines due to t he substantial rise in the use and availability of amphetamine-type substances (1998, Internet). Although the drug takers may experience positive changes in feelings and emotions, a high energy level and increasing confidence in the first few hours after taking ecstasy, there are harmful effects afterwards. According to Ecstasy Organization, it states that the short term effects of taking ecstasy include having dilated pupils, jaw clenching and teeth grinding, sweating, a rise in body tem... ...d incarcerated perpetrators of drug- related crimes (20.4 percent), lost legitimate production due to drug-related crime careers (19.7 percent), and other costs of drug-related crimes, including Federal drug traffic control, property damage, and police, legal, and corrections services (18.4 percent). Most of the remaining costs resulted from premature deaths (14.9 percent), lost productivity due to drug-related illness (14.5 percent), and healthcare expenditures (10.2 percent) (1995, Internet). Thus, in summary, although drugs such as ecstasy and cannabis may bring positive changes in feelings and emotions and a rise in energy level, it is no denying that the long-term negative physical and psychological effects outweigh the benefits on individuals. Likewise, it may still be suggested that the use of drug may also have social impacts such as increase in crime rate, family and work problems as well as economic costs on society. Drug abuse has detrimental effects on both individuals and society that has no sure end but tragedy. It is a dilemma that cannot be neglected. Future and current societies and governments must work to address to it, otherwise it will spread like a disease.

Foreigh Currency Risk Test

FOREIGN CURRENCY RISKQ1. Jack is a UK based car exporter who exports luxury cars and has a competitor in Germany; he has recently seen a change in foreign currency that pound ( £) of UK has strengthened against euro (â‚ ¬) of Germany. What is the type of risk does Jack face in his business? (MCQ) Credit Risk Translation Risk Economic Risk Transaction Risk(2 marks) Q2. Yarn Co is multinational business & wants its foreign subsidiary financial statements. They are making exchange losses when the accounting results of its foreign subsidiary are translated into the home currency. Which type of currency risk does Yarn Co face? (MCQ) Netting off Risk Translation Risk Economic Risk Hedging Risk(2 marks) Q3. Saito Co, a USA based fish exporter has competition with Sakkara Co based in Bangladesh. He believes he faces an economic risk in the business. What type of impact does it have on Saito Co? (MCQ) Direct Impact Indirect Impact Political Impact Economic Impact(2 marks) Q4. The current spot rate of UK ( £) to USA ($) is  £3:$1.5. The interest rates per annum are UK 5% & USA 9%. What will be the two-month forward rate (to the nearest two decimal places)? (FIB) £ :$1(2 marks) Q5. The current spot rate of UK ( £) is  £3. The inflation rate per annum of UK is 3% & the expected future six-month spot rate is  £3.06. Calculate the foreign annual inflation rate? (FIB)%(2 marks) Q6. Which of the following statements relates to International Fisher Effect? (MCQ) The exchange rates of countries depending on inflation rates The exchange rates of countries depending on interest rates Prices are same to different customers in an economy Nominal interest rate differentials between countries provide an unbiased predictor of future changes in spot exchange rates.(2 marks) Q7. Which of the following differences will result in an Expectation Theory? (MRQ) The difference in Inflation Rates Difference between Spot & Forward Rates The difference of Interest Rates Difference between Spot & Future Rates(2 marks) Q8. Select the appropriate theory with the following statements. (P&D)Depreciation of forwarding rates will be due to high-interest rates Differences in nominal rates due inflation rates A commodity is priced same in every country The forward rate is a fair predictor of the spot rate in the future EXPECTATION THEORY PURCHASING POWER PARITYTHEORY INTERNATIONAL FISHER EFFECT INTEREST RATE PARITY THEORY(2 marks)Q9. Patio Co. operates in the USA. They will be receiving a payment of  £2,500 from customers in four months' time. Calculate Patio Co.'s receipts in four months' time? Use the following rates. (MCQ)Spot Rate  £1.4/$ –  £1.6/$4 Month Forward Rate  £1.8/$ –  £2.0/$ $1,786 $1,563 $1,389 $1,250(2 marks) Q10. Fray Co is a USA based company ; imports Robots from China. The usual credit period is three months. Fray Co has to pay  ¥60,000. Calculate the loss/gain of the payment on forwarding contract? (MCQ)Spot Rate  ¥1.321/$ –  ¥1.521/$3 Month Forward Rate  ¥1.654/$ –  ¥1.854/$ $7,085 (Loss) $9,144 (Loss) $9,144 (Gain) $7,085 (Gain)(2 marks) Q11. PXG Co, a UK based company has made $3,600 sale to its USA customer on credit. The current  £/$ exchange rate is  £6.4/$12.8. It is expected that UK  £ will strengthen by 15%, by the time USA customer pays. Calculate the receipts in  £? (MCQ)  £244.57  £281.25  £489.13  £562.5(2 marks) Q12. The dollar is quoted at a $0.067 premium for the forward rate. The current exchange rate is $/ ¥ 1.0005 +/- 0.0045. What will a $4,900 payment convert at forwarding rate? (MCQ)  ¥4,876  ¥4,920  ¥5,224  ¥5,274(2 marks) Q13. A UK based company Bib Co will receive a foreign payment of $2,000 in four months' time. The spot rate is $1.1/ £ – $1.4/ £. Calculate the income in four months' time using money market hedging? (MCQ) Borrow DepositDollar ($) 4% 5%Pounds ( £) 3% 2%  £1,414.4  £1,419.4  £1,800  £1,807(2 marks)This information is used for Q14, Q15 ; Q14.A USA based company has to make a payment of  £95,000 in nine months' time. The spot rate is  £2.2/$ –  £2.5/$. Following details are: Borrow DepositDollar ($) 7% 5%Pounds ( £) 5% 3%Q14. Calculate the foreign payment using money market hedging? (MCQ) $37,164 $42,232 $43,816 $44,449(2 marks) Q15. Calculate the foreign payment if the nine-month forward rate is  £2.37/$ –  £2.71/$? (FIB)$ (2 marks) Q16. Calculate the gain/loss for the company for not leading the payment? (MCQ) $4,365 (Gain) $4,365 (Loss) $3,816 (Loss) $3,816 (Gain)(2 marks) Q17. Following statements relate to Forwarding contracts. (HA)An immediate binding contract TRUE FALSEThe forward rate is variable in nature TRUE FALSEThe timing of the contract is unknown TRUE FALSE(2 marks) Q18. A company wants to reduce its transaction risks when conducting business with foreign receivables/payables. Following statements are said by the directors during this years' AGM. Select the appropriate statements to reduce the risk. (MRQ) â€Å"The company should hold back its payments for few months†, this technique is Leading â€Å"The company should continue as normal† â€Å"I have some friends offshore who work in a bank, I may able to arrange a foreign account for the company† said by a director â€Å"The company should deal in the foreign currency only† (2 marks) Q19. Juab Co is a manufacturing company ; has a foreign supplier who supplies raw materials. Recently the supplier has now become a customer as well, who purchases Juab Co.'s finished products and sells in his respective country. Which technique of reducing risk is applicable for Juab Co? (MCQ) Money market contract Leading & Lagging Forward market hedging Matching & Netting(2 marks) Q20. Which of the following statements are true in relation to futures? (MRQ) Currency futures are standard contracts A high premium is paid initially Futures are available in all currencies offered by the bank Future contracts are binding (2 marks) Q21. A company wants to hedge itself from any currency risk. They have decided to hedge themselves using currency futures. They have to make a payment in May of $36,000. The futures have a contract size of $15,000. Which of the following futures will they select? (MCQ) Buy three futures on March Sell two futures of March Buy two futures of June Buy three futures of September(2 marks) Q22. Select the appropriate option in relation to futures. (HA) Transaction cost is lowest ADVANTAGE DISADVANTAGEContracts are limited to some currencies ADVANTAGE DISADVANTAGEThe exact date does not have to be known ADVANTAGE DISADVANTAGE(2 marks) Q23. Picots Co is UK based company which has a lot of foreign customers. It will be receiving a payment from USA based customer of $500,000 in five months. The company has been advised to use derivatives to hedge themselves against any currency risk. If they opt for currency options which of the following are correct? (MCQ) Buying a USA $ call option in the UK Buying a USA $ put option in the UK Buying a UK  £ call option in the USA Buying a UK  £ put option in the USA (2 marks) Q24. Which of the following statements relate to currency options? (MRQ) In future the market becomes favorable and the company will face a loss because it is bound to the contract They are negotiated Cannot be traded in all currencies Easily arranged & Flexible (2 marks) Q25. Which of the following is incorrect for swaps? (MCQ) It is negotiated between two parties having their own spot rate It has a nominal cost It is an over the counter deal It has multiple markets (2 marks) Q26. Which of the following has a refundable cost? (MCQ) Currency Futures Forward Contracts Currency Options Currency Swaps(2 marks)FOREIGN CURRENCY RISK (ANSWERS)Q1. CEconomic risk is the variation in the value of the business due to unexpected changes in exchange rates. This is an indirect impact on Jacks business. Q2. BThey are making exchange losses when the accounting results of its foreign subsidiary are translated into the home currency. This is an indication of Translation Risk. Q3. AIt is a direct impact on Saito Co as the USA being home currency strengthens then foreign competitors Sakkara Co in Bangladesh is able to gain sales at your expense because your fish have become more expensive in the eyes of customers both abroad and at home. Q4.  £3.02Interest rate parity theory = 3 Ãâ€" (1+(9% Ãâ€" 2/12))/(1+(5% Ãâ€"2/12)) =  £3.02 Q5. 7%Purchasing power parity theory = 3 Ãâ€" (1+(x% Ãâ€" 6/12))/(1+(3% Ãâ€"6/12)) =  £3.06X% = 7% Q6. D The exchange rates of countries depending on inflation rates (Purchasing Power Parity Theory) The exchange rates of countries depending on interest rates (Interest Rate Parity Theory) Prices are same to different customers in an economy. The law of one price. (Purchasing Power Parity Theory) Nominal interest rate differentials between countries provide an unbiased predictor of future changes in spot exchange rates. (International Fisher Effect) Q7. When these two will become equal, Expectation Theory arises. Difference between Spot & Forward Rates Difference between Spot & Future Rates Q8.Depreciation of forwarding rates will be due to high-interest ratesINTEREST RATE PARITY THEORYDifferences in nominal rates due to inflation rates INTERNATIONAL FISHER EFFECTA commodity is priced same in every country PURCHASING POWER PARITY THEORY The forward rate is a fair predictor of the spot rate in the future EXPECTATION THEORY Q9. DReceipts =  £2,500 à · 2.0 = $1,250 Q10.Payment (Forward) =  ¥60,000 à · 1.654 = $36,276Payment (Spot) =  ¥60,000 à · 1.321 = $45,420Gain = $9,144 Q11. AFuture Rate = $12.8 Ãâ€" 115% = $14.72Receipts =  £3,600 à · 14.72 = $244.57 Q12. DThe Spot rate = $0.996/ ¥ – $1.005/ ¥ -/+ 0.0045The dollar is at a premium so subtract it as if dollar strengthens then yen will weaken in the forwards market. The new Spot rate = $0.929/ ¥ – $0.938/ ¥ – 0.067Payment = $4,900 à · 0.929 =  ¥5,274 Q13. BBorrow Foreign Currency = $2,000 à · [1 + (4% Ãâ€" 4/12)] = $1,974Convert Foreign to Local = $1,974 à · 1.4 =  £1,410Deposit (Interest) = (1,410 Ãâ€" 2% Ãâ€" 4/12) =  £9.4Total Receipts =  £1,410 +  £9.4 =  £1,419.4 Q14. DDeposit Foreign Currency =  £95,000 à · [1 + (3% Ãâ€" 9/12)] =  £92,910Convert Foreign to Local =  £92,910 à · 2.2 = $42,232Deposit (Interest) = ($42,232 Ãâ€" 7% Ãâ€" 9/12) = $2,217Total Payments = $42,232 + $2,217 = $44,449 Q15. $40,084Payments =  £95,000 à · 2.37 = $40,084 Q16. B Q17. An immediate binding contract TRUE The forward rate is variable in nature FALSEThe timing of the contract is unknown FALSE Q18. â€Å"The company should hold back its payments for few months†, this technique is Lagging (Incorrect) â€Å"The company should continue as normal† This refers the company should take no action (Correct) â€Å"I have some friends offshore who work in a bank, I may able to arrange a foreign account for the company† said by a director. This statement indicates opening a foreign bank account. (Correct) â€Å"The company should deal in the foreign currency only† The company could deal in home currency rather in foreign currency (Incorrect) Q19. DThis technique attempts to match the same foreign currency receipt & payments due at the same time. The netting of the intra debit & credit balances saving transaction cost & reducing risk. Q20. Currency futures are standard contracts, fixed limits specified (True) A high premium is paid initially, this is applicable in options (False) Futures are available in all currencies offered by the bank, Only in few currencies (False) Future contracts are binding, they have to be closed (True) Q21. CThe Futures can be bought or sold only four times a year which are March, June, September & December. Future contracts can be signed relating to a month after the date of receipt. They will buy two futures each of $15,000 and the remaining $6,000 can be hedged using other techniques. (E.g. forward contracts)Q22. Transaction cost is lowest ADVANTAGEContracts are limited to some currenciesDISADVANTAGEThe exact date does not have to be knownADVANTAGE Q23. BPicots Co will want to sell the USA $ when they receive the payment which is why they will use USA $ put (sell) option bought in the UK. Q24. In future the market becomes favorable and the company will face a loss because it is bound to the contract, this statement relates to future contracts They are negotiated, this statement relates to options (Correct) Cannot be traded in all currencies, it is a disadvantage hence this statement relates to options (Correct) Easily arranged & Flexible, this statement relates to swaps Q25. DIt has no markets; it is a tailor-made an agreement between two parties.Q26. A Currency Futures, An initial margin cost which is refundable Forward Contracts, has a transaction cost Currency Options, A non-refundable premium cost Currency Swaps, No initial cost

Education and Work Experience - Free Essay Example

Sample details Pages: 1 Words: 373 Downloads: 2 Date added: 2017/09/14 Category Advertising Essay Topics: Life Experience Essay Did you like this example? There is no doubt that both higher education and work experience are important parts of education for employability. Many students want to go university and graduate with a degree which can fill their resume. However I believe that the work experience has better efficiency than the degree, particularly in terms of employment activity. First of all, work experience during higher education, and in particular that related to study, has a positive effect on employment activity because experience is what the majority of employers want. For example, we can easily find that many of the job or career advertisements emphasize 3 to 4 years experience in the particular field. According to my experience, I also preferred experience over education when I tried to designate new members as my team. I selected 7 applicants who have some experience out of 120 candidates applying for the position in order that I wanted to start the project immediately. Companies want to save both time and money by choosing experienced employees. Don’t waste time! Our writers will create an original "Education and Work Experience" essay for you Create order The other major reason is that the work experience allows students to learn about the world of work in a real working situation. They can get a good idea of what work is like in their placement and it help them to decide about their career. It is very useful even though they find that the field does not match them, as they can quickly change their pathway based on the experience. On the other hand, there are the types of jobs that require higher education over experience such as university professors in specific fields of study, for example: mathematics, physics, and chemistry etc. We can easily find that many young professors who do not have work experience but are highly educated and their knowledge is what is needed in their particular expertise. Therefore, in the specific part of job, higher education is more important than work experience. However, in the wider world of job, work experience is more important than higher education. To sum up, it is clear that work experience has a positive impact on most aspects of employment activity. For this reason, those students who want to design their life or find better job after graduating should try to get work experience related to study during their educations.