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Foreign Exchange Series :: Assignment - 15



ASSIGNMENT – 15 (IB) 


1                    Which branches can undertake Option Transactions?

a)   A category                                          b)         B category
c)   Both (a) & (b)                                     d)         Only designated branches

2                    Only those customers who are maintaining satisfactory account with the bank for the last _____years, can undertake Option Transactions

a)   1                                                          b)         2
c)   3                                                          d)         5

3                    Option Contract Limits is be fixed by the branches _________

a)   Customer wise                                                b)         Facility wise
c)   Both (a) & (b)                                     d)         None of above

4                    ADs maintain accounts with correspondents/branch offices abroad.  Such accounts are called _____

a)   Nostro Accounts                                 b)         Vostro Accounts
c)   Loro Accounts                                                d)         None of above

5                    In order to facilitate foreign exchange transactions, foreign banks maintain non-resident rupee accounts with ADs in India.  Such accounts are called _______

a)   Nostro Accounts                                 b)         Vostro Accounts
c)   Loro Accounts                                                d)         None of above

6                    A traveler to India is required to submit a declaration to Customs Authorities in CDF form which stands for ______

a)   Currency Declaration Form                b)         Custom Declaration Form
c)   Country Declaration Form                  d)         Custom Duty Form

7                    Credit facility under SBI Exporters Gold Card Scheme can be provided to those exporters whose overdue export bills do not exceed ____% of the current year export turnover

a)   5                                                          b)         10
c)   15                                                        d)         25

8                    Exporters can avail credit facility under SBI Exporters Gold Card Scheme provided ________

a)      They are classified as Standard Assets for the last 3 years
b)      The unit has not incurred losses during the last 3 years
c)      None of above
d)     Both (a) & (b) above

9                    In case projected annual turnover is upto Rs. _____crore, irrespective of the segment, assessment of credit limit under SBI Exporter Gold Card Scheme will be made as per Nayak Committee Method

a)   50                                                        b)         100
c)   200                                                      d)         500

10                In case projected annual turnover is above Rs. 100 crore, assessment of credit limit under SBI Exporters Gold Card Scheme, will be made as per ______

a)   Projected Balance Sheet Method       b)         Nayak Committee Method
c)   Cash Budget Method                         d)         Either of (a) or (c)

11                Credit limit of Software Exporters under SBI Exporters Gold Scheme, will be assessed by ______

a)   Projected Balance Sheet Method       b)         Nayak Committee Method
c)   Cash Budget Method                         d)         Traditional

12                A stand by limit of 20%, sanctioned over and above the limit, can be utilized by the exporter under SBI Exporter Gold Card Scheme, for a maximum period of _____days in one instance

a)   60                                                        b)         90
c)   180                                                      d)         365

13                Under SBI Exporter Gold Card Scheme, eligible exporters can be sanctioned pre-shipment credit limits for _____days with some concession in rate of interest

a)   60                                                        b)         90
c)   180                                                      d)         365

14                Under SBI Exporter Gold Card Scheme, eligible exporters can be sanctioned post-shipment credit limits for _____days with some concession in rate of interest

a)   60                                                        b)         90
c)   180                                                      d)         365
15                A fresh application for credit facility under SBI Exporter Gold Card Scheme will be disposed off within ____days

a)   10                                                        b)         15
c)   20                                                        d)         25

16                An application for renewal of limit under SBI Exporter Gold Card Scheme will be disposed off within _____days

a)   10                                                        b)         15
c)   20                                                        d)         25

17                Request for sanction of adhoc limits under SBI Exporter Gold Card Scheme will be processed within _____days

a)   7                                                          b)         14
c)   21                                                        d)         28

18                At the end of Ist year of the sanction of credit facility under SBI Exporters Gold Card Scheme, a step up to the extent of ___% can be considered by the sanctioning authority with some stipulations

a)   5                                                          b)         10
c)   20                                                        d)         25

19                If the projected domestic turnover out of total projected turnover exceeds Rs. 25 crore, the limit under SBI Exporter Gold Card Scheme will be assessed by _______method

a)   Nayak  Committee                              b)         Projected Balance Sheet
c)   Cash Budget                                       d)         Either of (b) or (c)      

20                Credit facility under SBI Exporters Gold Card Scheme will be sanctioned for _____years

a)   1                                                          b)         2
c)   3                                                          d)         5

 

 

 

 

                                       KEY TO ASSIGNMENT – 15 (IB) 


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











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Foreign Exchange Series :: Assignment - 15 Reviewed by Manohar Veera on 8:30:00 PM Rating: 5

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