Tuesday, 17 July 2018

Foreign exchange facilities recollected questions

#RecollectedQuestions
Foreign exhange facilities for individuals-:

1. Seven exchange rate calculation numericals of 2 marks each.. mostly tt selling and buying rate for DD issue, nostro settelment, nre to fcnr b conversion
2. Approx 12 questions on nre, nro and EEFC account.. through knowledge is required.
3. Ad1 and ad2 category dealers
4.resident joint savings account with nri will be treated as ? And mode of operation will be ?
5. Transfer limit of funds in foreign currency for accompanying relative facing medical emergency per fy
6. Capital account and current account transactions
7. How much money can given to a consultant as commission for sale of property in india by an nri and outside india by a resident
8. Can nro/nre funds be used to purchase property in India ?
9.if nri/PIO s close relative dies in India then how much funds can he transfer from proceeds if sale of assets in India
10. When NRI becomes Indian resident what happens to his nro account ?
11. If an employee gets shares under ESOP outside India then after selling shares should he immediately transfer funds to india or not.
12. Is interest given for sat n sunday if renewal of fcnr deposit lies on sat/sun - 3 questions with variations if savings interest will be given or no interest will be given or full interest on maturity amount from date of maturity/renewal to be given.
13.FCNR TO NRE NUMERIC
14.INT PAYMENT IN PREMATURE FCNR WITHDRAWAL
15. NOMINATION IN NRE
16. EEFC FOR STARTUP
17. P and I club permission
18. CULUTURAL GROUP PERMISSION FROM WHICH MIISTRY
19. FORM A 2 PURPOSE
20. LOAN CONDITION TO NRI FROM CLOSE RELATIVE
21. WHO ARE CLOSE RELATIVE
22. FOREX WHEN TO BUY BEFORE TRAVELLING
23. SURRENDER TIME OF FOREX
24. HONARAIUM RCVED CAN BE DEPOSIT IN WHICH A/c
25 LRS
26. TT BUY / SELLING DEF
27. INDO NEPAL REMITTANCE
28. CDF FORM
29. MTSS NO IN YR
30. NRE NOMINATION
31. NRO PERMIT DEBIT
32. RFC D ACCOUNT
33. EMIGRATION AMT LIMIT
34. LIBIYA 5000 USD
35. BILL BUYING NUMERIC
36. FEMA SCHED 3
37. KYC 4 SIMPLIFIED MEASURE

Thanks to members For their Contributions....

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