Forex Operations

FX OPERATION:-
Recollected questions are:

1) How many incoterms?
2) Full form of DAT
3)Few questions from doc letter of credit .
4)Nearly 8 questions on LRS
5)NRI remittances limits etc
6)Basic questions on URR 725,
7)URC 522
8)ISP 98
9)Known holiday in forex
10)One question on section of fema
11)Ecgc scheme
12)Question on customs related
13)TT buying TT selling
14)Bill discounting
15)Insurance docs in LC
16) three numericals on cross rates

Many of them are direct questions from FEDAI books.

Foreign exchange operations Syllabus ::

I. a) FEDAI Role and Rules

b) Foreign Exchange Rates and Risk Management

c) Code of Conduct, Ethics / Compliance, Corporate Governance

II. Regulatory Requirements under FEMA for Resident / Non-resident Individuals

a) Remittance Facilities under LRS

b) Other Remittance Facilities for Resident indians / others

c) Various foreign currency accounts in india / Abroad

d) Acquisition of Assets, Immovable properties outside India, including

investments in securities abroad

e) Remittance of Assets

f) Facilities for Non-resident Indians - Deposits Accounts, Investments,

Borrowing etc.

III. Regulatory Requirements under FEMA for Resident / Non-resident Entities

a) Import of Goods & Services and other non-import remittance

b) External commercial borrowing

c) Export of goods and services

d) Investments outside India

e) Investments in India by non-resident Corporates / FPIs / Others Entities

f) Establishments of LO / BO / PO in India by foreign entities

IV. Documentary Credits & Standby Credits

a) ICC guidelines pertining to INCOTERMS 2010, URC 522

b) UCP 600, eUCP version 1.1

c) ISBP - ICC PUB. 745, URBO - ICC PUB. 750, URDG 758

d) DOCDEX Rules - ICC PUB.

872 V. Export Finance

a) Various finance available by way for Pre-shipment / Post-shipment

finance in Rupes and Foreign Currency

b) International Factoring, Forfaiting

c) Export Credit Guarantee Corporatio (ECGC)

VI. Foreign Trade Policy (FTP) 2015-20

a) Various policy issues withspecific relevance to AD Banks with latest

updations

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