MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100
What type of amount can be deposited in EEFC accounts?
(a) realization of export proceeds from abroad through authorised channels.
(b) remittance from abroad representing loans obtained.
(c) foreign exchange payment received by Domestic tariff area for supplying goods to units in SEZ.
(a) realization of export proceeds from abroad through authorised channels.
(b) remittance from abroad representing loans obtained.
(c) foreign exchange payment received by Domestic tariff area for supplying goods to units in SEZ.
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Important Questions on Foreign Exchange Operations
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Funds lying in EEFC account can be used by the account holder for:
(a) repayment of pre-shipment credit.
(b) giving trade-related loans outside India.
(c) giving advances to overseas importers.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
International Bank Limited has opened a current account under Resident Foreign Currency Deposit Scheme for a returning Indian Mr. Suresh Chander, who expired 4 months back. The legal heirs claim interest on the balance in the current account:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Foreign currency fluctuation risk is born by the customer in respect of:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Which of the following accounts cannot be opened by a non-resident Indian residing in the United States for the last 10 years?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A foreign national on a 3 months visit to India wants:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A non-resident Indian is required to pay income tax at the rate of of interest on such deposit for balance on account of local funds and of interest on foreign inward remitted funds, in case of which of the following accounts?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Which among the following amount is allowed to be repatriated under the NRE deposit for NRIS?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A person is returning permanently to India after her years'stay in UK and she wants to retain the repatriation benefits of the money she is bringing with her. Which of the following accounts can be opened, to suit her needs?
