N. S. Toor Solutions for Chapter: Foreign Exchange Operations, Exercise 6: FOREIGN EXCHANGE - OBJECTIVE TYPE QUESTIONS

What is correct regarding import of foreign currency in India:

(a) maximum amount can be USD $10000$

(b) there is no ceiling on maximum amount

(c) if amount of foreign currency notes exceeds USD $5000$ declaration on form CDF required

(d) if amount of total foreign exchange exceeds USD $100000$ declaration of on form CDF required

How much amount of Indian currency can be imported from a country other than Nepal/Bhutan:

How much amount of Indian currency can be imported from a country other than Nepal/Bhutan:

Advance remittance can be allowed by AD banks, against import of aircraft / helicopter / other aviation related purchases without bank guarantee for an amount up to:

For an amount up to _____, proof of imports like exchange control copy of bill of entry is not required.

Where proof of import is not submitted for more than 6 months, the AD banks are required to submit to RBI, the details on _____ a half yearly basis for _____ within one month:

For an amount up to where the proof of imports has not been received, the information is not required to be included in BEF report to RBI:

Your branch opens a letter of credit on behalf of your customer M/s Ramesh Trading Company Ltd for which the documents have been , received but the company has not been retiring the documents. The bill in foreign currency, will be crystallized if it is not paid within: