Top Ad unit 728 × 90

Recent

recent

Foreign Exchange Series :: Set - 1


 
1                    For conducting forex business, our branches are categorised in _______categories

a)   A & B                                     b)         C-1 & C-2
c)   Both (a) and (b)                      d)         None of above

2                    For Forex transactions less than Rs. 10 lacs, which type of rates are applicable?

a)   Special                                     b)         Spot
c)   Card                                        d)         None of above

3                    For Forex transactions of Rs. 10 lacs and above, branches should obtain rates from:

a)   Respective LHO                     b)         FD Kolkatta
c)   FD Mumbai                             d)         Respective Z.O.

4                    Ready Rates for the Misc. Currencies which are not commonly transacted, are issued by FD Kolkatta:

a)   Once a week                           b)         Twice a week
c)   Once a month                          d)         Twice a month

5                    To counter competition, competitive rates for high value transaction can be taken by the branch from:

a)   FD Kolkatta                            b)         Respective Zonal Office
c)   Respective LHO                     d)         All of above

6                    For remittance arising out of handling Import bills, which rate will be used:

a)   T.T.Selling                               b)         Bill Selling
c)   T.C.Selling                              d)         C.N.Selling

7                    For outward remittance, arising out of handling import bills by way of retirement of documents under L/C, which rate will be applicable:

a)   T.T.Selling                               b)         Bill Selling
c)   T.C.Selling                              d)         C.N.Selling
8                    When our Nostro Account has already been credited, which rate will be applicable:

a)   T.T.Buying                              b)         Bill Buying
c)   D.D.Buying                            d)         T.C.Buying

9                    For negotiation of export bills, which rate will be applicable:
a)   T.T.Buying                              b)         Bill Buying
c)   D.D.Buying                            d)         T.C.Buying

10                For purchase of DDs drawn on us, which rate will be applied:

a)   T.T.Buying                              b)         Bill Buying
c)   DD Buying                             d)         T.C.Buying

11                For purchasing clean instruments or sending them for collection, which type of instruments are considered as ineligible:

a)   Mutilated                                b)         Stale
c)   Post-dated                               d)         All of above

12                The Reserve period pertaining to collection of clean instruments is treated between:

a)   10 to 14 days                          b)         10 to 15 days
c)   10 to 21 days                          d)         None of above                                               

13                Under Cheque Truncated System (CTS), cheque in original are sent to:

a)   FD Kolkatta                            b)         Respective LHO
c)   Respective ZO                                    d)         Not sent

14                Cheque Truncated System is applicable to:

a)   Singapore                                b)         Hongkong
c)   USA                                        d)         UK

15                In case, cheque is returned unpaid under CTS, ___________would be sent to Singapore Branch.

a)   Original Cheque                      b)         Zerox copy of cheque
c)   Image Return Document        d)         None of above

16                Inward Remittance Certificate on security paper will be issued if Inward Remittance exceeds Rs. _______lac

a)   1                                              b)         5
c)   10                                            d)         20

17                If Inward Remittance is upto Rs. 50,000, the certificates will be issued on _____________.

a)   Stamp Paper                            b)         Security Paper
c)   Bank’s Letter Head                d)         None of these

18                Inward Remittance Certificate will be issued on Form_______.

a)   114                                          b)         124
c)   134                                          d)         144

19                A foreign draft in case of Inward Remittance for value equal to/exceeding USD ________must bear 2 signatures.

a)   1,000                                       b)         5,000
c)   10,000                                     d)         50,000

20                If the advice is not received within one month from the payment of draft, in case of Inward Remittance, the matter will be reported to: 

a)   Concerned bank                      b)         Correspondent Bank
c)   FD Kolkatta                            d)         Not to be reported



KEYS  


1    c          2          c          3          b          4          b          5          a
6    a          7          b          8          a          9          b          10        c
11  d          12        c          13        d          14        a          15        c
16  a          17        c          18        b          19        b          20        c

 




















Foreign Exchange Series :: Set - 1 Reviewed by Manohar Veera on 8:05:00 PM Rating: 5

No comments:

All Rights Reserved by Bank Exams © 2009
Technology PartnerNiralcube

Contact Form

Name

Email *

Message *

Powered by Blogger.