N. S. Toor Solutions for Chapter: Foreign Exchange Operations, Exercise 5: FOREIGN EXCHANGE - OBJECTIVE TYPE QUESTIONS

Your branch had purchased/negotiated a bill under letter of credit but it is not being paid by the foreign buyer. After how much period, it should be crystallised by bank?

A micro enterprise dealing with your branch has received an export order on FOB terms. In this case:

An exporter M/s Delhi Exports dealing with your branch receives an export order for export of certain spices. As per terms of the contract for sale, the goods are to be delivered by the exporter to the shipping company without putting the goods on board the ship (i.e. to be kept by the side of the ship). Which of the following kinds of contract it will be termed?

When a seller undertakes to make the goods available for export, at his factory, such arrangement is called:

Export declaration form used for goods exported, other than by post, are called:

Customs office returns to the exporter, which copy of the export declaration form:

The export declaration form used for software in non-physical form is:

An importer has imported from Australia (invoicing Aus. Dollar) certain plant and machinery the payment of which is to be made 2 months after. As per the prevailing situation Rupee is expected to record depreciation compared to Aus. Dollar. What should be importer do: