1.

1). The foreign exchange market is the largest financial market.2). The term 'foreign exchange market' is used to refer to the segment of the market, where the dealings take place among the banks.3). The rupee is not an internationally traded currency.4). Foreign exchange markets are physical markets.

Answer»

The correct answer is option 4.

All the options except option 4 are directly mentioned in the passage.

Additionally, it is mentioned in the opening line of the passage that a foreign EXCHANGE market is described as an OTC (Over the counter) market as there is no PHYSICAL place where the participants meet to execute their DEALS.$

Hence, the statement in option 4 is incorrect. $



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