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Foreign Exchange Series :: Set - 4



TEST – 3 

 

1        On return from foreign trip, travelers are required to surrender unspent currency notes within ______days of return

a)         30                                            b)         60
c)         90                                            d)         180

2        On return from foreign trip, travelers are required to surrender unused traveler cheques within ________days of return

a)         30                                            b)         60
c)         90                                            d)         180

3        What is the maximum limit upto which a resident can retain foreign currency coins?

a)         USD 1000                               b)         USD 5000
c)         USD 10000                             d)         No limit

4        Name the card of our bank that offers freedom to shop anywhere in the world?

a)         SME Credit Card                    b)         Kisan Gold Card
c)         Vishwa Yatra Card                 d)         Artisan Credit Card

5        SBI Vishwa Yatra Card can be used at _________Visa ATMs worldwide

a)         750000                                    b)         850000
c)         950000                                    d)         1000000

6        SBI Vishwa Yatra Card can be used at _____million Visa Electron merchant establishments worldwide

a)         13                                            b)         15
c)         17                                            d)         19

7        SBI Vishwa Yatra Card can be used in which currency?

a)         USD                                        b)         GBP
c)         Euro                                        d)         All of above

8        What is the minimum amount for which Vishwa Yatra Card can be used?

a)         USD 100                                 b)         250GBP, 400EURO and USD 500
c)         USD 1000                               d)         USD 10000



9        What is the maximum amount for which Vishwa Yatra Card can be used besides usual USD ceiling?

a)         USD 100                                 b)         USD 500
c)         USD 1000                               d)         GBP & EURO equivalent of USD 10000

10    Which rate will be applied while selling Vishwa Yatra Card?

a)         TT Selling                                b)         Bill Selling
c)         TT Buying                               d)         TC Buying

11    Which rates will be applied for purchasing the unspent balance in Vishwa Yatra Card?

a)         TT Selling                                b)         Bill Selling
c)         TT Buying                               d)         TC Buying

12    Refund of Vishwa Yatra Card is permitted after _____working days after return of customer in India

a)         3                                              b)         6
c)         9                                              d)         12

13    Under Liberalised Remittance Scheme of RBI, resident individuals can remit upto USD _________ per calendar year

a)         5000                                        b)         15000
c)         25000                                      d)         35000

14    For availing the facility of Liberalised Remittance Scheme, the resident individual must have maintained the account with the bank for a minimum of _____years

a)         1                                              b)         2
c)         3                                              d)         5
15    The transaction under Liberalised Remittance Scheme will be reported by ADs in______

a)         XOS Return                            b)         R Return
c)         BEF statement                                    d)         Not to be reported

16    Dealings under Letter of Credit are governed by:

a)         URC 522                                 b)         FEMA
c)         UCPDC 500                           d)         RBI

17    UCPDC contains _______articles
a)         19                                            b)         29
c)         39                                            d)         49


18    What is the time limit fixed by FEDAI for advising Letter of Credit?

a)         1-2 days                                  b)         2-3 days
c)         3-4 days                                  d)         4-5 days

19    A Letter of Credit, where no amendment in terms and conditions can be made unless all the parties agree, will be termed as _________

a)         Transferable L/C                     b)         Revocable L/C
c)         Irrevocable L/C                       d)         Stand-by L/C

20    What is the time limit fixed by FEDAI for advising amendments in L/C?

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

 




                                       KEYS

           
1          c          2          d          3          d          4          c          5          b
            6          a          7          d          8          b          9          d          10        a                                 
11        c          12        b          13        c          14        a          15        b
            16        c          17        d          18        a          19        c          20        a
           
Foreign Exchange Series :: Set - 4 Reviewed by Manohar Veera on 8:12:00 PM Rating: 5

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