foreign exchange for individuals exam today (21.7.2019).
I had only a day left for preparation and I felt question paper was not that tough. So , if u had prepared well, it shud have been Ur piece of cake.
A lot of questions were asked from first four parts.
Questions about LRS for immigration, medical,private visit, business...
Pls be thorough about types of accounts for residents and non residents..
EEFC , RFC , RFC (D)...
NRE,NRO,FCNR accounts....
Who all can use what accounts?
Can outward remittance be allowed? For what purposes?
Can foreign currency be credited ? Etc...
About FCRA..
Currency conversion 4 to 5 problems....(TT buying, selling,CN buying,CN selling rates... TC buying selling rates)
Reading the MCQ at end of each chapter can also get u three to four marks easily....
Two questions abt SNRR account....
How much currency can individuals carry with them to foreign countries like Iraqi. Libya. ...?
For Haji what limit is permitted?
Most of the questions were direct only...
I had only a day left for preparation and I felt question paper was not that tough. So , if u had prepared well, it shud have been Ur piece of cake.
A lot of questions were asked from first four parts.
Questions about LRS for immigration, medical,private visit, business...
Pls be thorough about types of accounts for residents and non residents..
EEFC , RFC , RFC (D)...
NRE,NRO,FCNR accounts....
Who all can use what accounts?
Can outward remittance be allowed? For what purposes?
Can foreign currency be credited ? Etc...
About FCRA..
Currency conversion 4 to 5 problems....(TT buying, selling,CN buying,CN selling rates... TC buying selling rates)
Reading the MCQ at end of each chapter can also get u three to four marks easily....
Two questions abt SNRR account....
How much currency can individuals carry with them to foreign countries like Iraqi. Libya. ...?
For Haji what limit is permitted?
Most of the questions were direct only...
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