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Foreign Exchange Series :: Assignment - 16



ASSIGNMENT – 16 (IB)

  1. .Redemption payments in IMDs were handled in which of the following currencies?

a)   USD, Aust D, JPY                 b)         USD, GBP, EURO
c)   EURO, USD, JPY                  d)         GBP, EURO, JPY

2    Foreign currency Accounts for units located in Special Economic Zones are opened in which of the following form?

a) EEFC                                        b)         FC-SEZ a/c
c) Both of the above                     d)         None of the above

3    EEFC a/c can be opened in which of the following currencies?

a) USD,GBP, EURO                    b)         USD, GBP, EURO, JPY
d) GBP, EURO, JPY                    d)         IR, USD, EURO

4    FC-SEZ a/c can be opened in which of the following currencies?

a) USD,GBP, EURO                    b)         GBP, EURO, JPY
d) USD, GBP, EURO, JPY         d)         JPY, USD, EURO

5    Prior permission is required  from------before opening EC-SEZ a/c

a) RBI                                           b)         Ministry of Finance    
c) DGFT                                        d)         No need of any such permission       

6    How many countries are the member of European Economic Area?
a)   20                                            b)         25
c)   28                                            d)         30

7    How many countries are the member of European Union Area?

a)   28                                            b)         30
c)   25                                            d)         35

8    What type of investment is permitted in Assets Reconstruction Companies (ARC)?

a)   Investment by FIIs                 b)        Only Foreign Direct Investment(FDI)
c)   Both the above                        d)         No restrictions

9    Maximum foreign equity shall not exceed----------% of paid up equity capital of the ARC

a)   50                                            b) 49
c)   45                                            d) 51

10              ISBP stands for ?

a)   Inter State Bank Payment       b) International state Bank Payment
c)   International Standard Banking Processes
d)   International Standard Banking Practices

11  For what purposes ISBP is meant for?

a.       It is a practical compliment to UCP500
b.      Intended to fill gap between the general principles announced in the Article of UCP 500 and their interpretation in day to day operations
c)   It addresses the issues that commonly arise but are not expressely treated under UCPDC
c.       All the above

12       Under Country Risk Management in how many risk categories the countries are divided?
a)   4                                              b) 6
c)   5                                              d) 8

13     Prepayment of ECB (External Commercial Borrowings) upto USD 200 million is permitted------

d.      With permission of RBI in all cases
e.       Without prior approval of RBI
f.       Without prior approval of RBI, subject to compliance with the stipulated minimum average maturity periodas applicable to the loan
g.      No approval is required

14      Average minimum maturity period in case of  ECB upto USD 20 million or equivalent is ---

a) One year                        b) two year
c) three years                     d) Five years

15          Average minimum maturity period in case of  ECB above USD 20 million and upto USD    500 million or equivalent is ---------

a) One year                        b) two year
c) three years                     d) Five years

16        FAC ( funds angle clearance ) to all disbursements of PCFC/EBR ( excluding disbursement of EBR by liquidation of PCFC ) is required to be taken from----

a) RBI                               b) Product & services section FD Kolkata
c) FEDAI                          d) EXIM Bank

17              Branches can improve Card Rate by 5 paise for both ready and forward transactions in the four major currencies USD, EURO, GBP and JPY in individual transactions amounting to--

a) Rs 2 lakh and above      b) Upto 5 lakh
c) Rs 2.5 lakh and above   d) Not permitted

18              Branch can take on line rates from the dealing room for transactions amounting to Rs-------lakh and  above, by the exigency of attracting/ retaining competitive business

a) Rs 2 lakh and above      b) Upto 5 lakh
c) Rs 2.5 lakh and above   d) Rs 5 lakh and above

19              A branch can take on line rates from the dealing room if the combined amount of several low value  transactions from a particular customer amounts to  Rs-------lakh or more

a) Rs 7 lakh and above      b) Rs 10 lakh and above
c) Rs 2.5 lakh and above   d) Rs 5 lakh and above

20              Under FEDA rules, Known holiday is defined as one which is known at least ----------days before the due date

a) 15 days                          b) 7 days
c) 30 days                          d) 180 days

2                    In case of  subsequently or suddenly declared holidays, the contract should be deliverable on the ---------working day, when all the centers are open for business.

a) same                              b) next
c) preceeding                     d) contract should be cancelled

3                     In case  suddenly declared holiday falls on the last working day of the month, known at least 2 working day, prior to the settlement day, contract should be delivarable on---------day

a) same                              b) next
c) preceeding                     d) proceding day when all centers are open

4                    Exchange Trading Hours for Inter Bank market would be Ffrom---------

a) 8.00 AM to 2.00 PM                             b) 9.00 AM to 4.00 PM         
c) 9.00 AM to 2.00 PM                             d) 10.00 AM to 5.00 PM                   

                 

                                  KEY TO ASSIGNMENT - 16 (IB)


1    b          2          b          3          b          4          d          5          a
6    c          7          c          8          b          9          b          10        d
11  c          12        b          13        c          14        c          15        d
16  b          17        c          18        d          19        b          20        b
21  b          22        d          23        b

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Foreign Exchange Series :: Assignment - 16 Reviewed by Manohar Veera on 8:32:00 PM Rating: 5

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