EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100
Advance remittance for import of goods, without a bank guarantee, that an AD can allow, can be up to:
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Important Questions on Foreign Exchange Operations
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Advance remittance for import of goods by a govt. department, without a bank guarantee, that an AD can allow, can be up to:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
In case of merchanting traders, banks are to obtain an unconditional, irrevocable standby Letter of Credit (LC) or a guarantee from an international bank of repute situated outside India for an advance remittance for import of goods exceeding _____ or its equivalent.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Form AI is used for obtaining foreign exchange -
I. for import payments.II. for remittances other than imports.
III. for amount up to USD
IV. for amount above USD
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
What is the maximum amount of remittance that AD banks can make for import payment where documents are directly received by importers, in cases other than companies:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Where foreign exchange acquired has been used for import of goods, which of the following proof is required to be submitted by the importer:
(a) exchange control copy of the bill of entry form
(b) postal appraisal form
(c) customs assessment certificate
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Remittance against normal usance imports should be completed within _ from date of shipment:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
What is correct regarding import of foreign currency in India:
(a) maximum amount can be USD
(b) there is no ceiling on maximum amount
(c) if amount of foreign currency notes exceeds USD declaration on form CDF required
(d) if amount of total foreign exchange exceeds USD declaration of on form CDF required
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
How much amount of Indian currency can be imported from a country other than Nepal/Bhutan:
