MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100
An exporter receiving advance against export supply can accept the advance and pay maximum interest rate of:
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Important Questions on Foreign Exchange Operations
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
AD-category I banks can send documents directly to the consignees in respect of goods and software accompanied by a declaration that they have value not more than _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Where an export bill remains outstanding for more than 6 months from date of export, banks are to submit to RBI, a statement on form ____, at the end of June and Dec, within ____ :
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
If an exporter requests for reduction of value of an export bills purchased/discounted or sent for collection, the AD - Category I can allow it up to ____ .
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
If an exporter requests for change of the buyer, the AD Category-1 bank can allow, provided
(a) there is no reduction in value
(b) reduction in value is up to 25% only
(c) the realisation takes place within the original 12 months from date of export.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
An exporter can resort to write off, the export bills where the value does not exceed ____ of the export proceeds due during the financial year:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
If an export bill has not been realised for more than 12 months, the AD category bank can extend the period:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
AD Category- banks can net-off the export receivable against import payments for:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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?
