Forex individual recollected on 21.07.2019

 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...

Very important calculation limits of LC

Calculation of limit of Letter of credit:


It can be worked out on the basis of following:


 Average amount of LC - It depends on monthly consumption of the material to be purchased under LC and economic order quantity (EOQ). EOQ depends upon the source of supply, means of transport etc. EOQ is larger for imports compared with the domestic material.

Frequency of opening of LC - After fixing EOQ, the no. of LCs to be opened within one year can be calculated as : Annual consumption / EOQ. Frequency = 12 / no. of LC to be opened in one year.

Amount of LCs outstanding at one point of time - Outstanding time for an LC is based on

the Lead Time (date of LC to date of shipment) + transit time + usance period from date ofa receipt of goods.

If frequency of opening of LC is less than this, bank will have more than one LC outstanding at one point of time.

Calculation : Assume the following:

Lead time = 20 days, transit time =10 days and usance period = 6 m. Total time = 7 months.

Total annual consumption = Rs.6 cr, EOQ = Rs.i. cr.

On the basis of these assumptions :

No. of Les = 6/1 = 6 and Frequency of opening LC will be every 2 month. (12 / 6).

No. of LC outstanding at any point of time = 7 1 2 = 3.5 (rounded to 4).

Limit = Rs.x cr x 4 = Rs.4 cr (amount of one LC based on EOQ x no. of LC to outstand)

Current affair s on 01.08.2019

Today's Headlines from www;

*Economic Times*

📝 Ray-Ban maker sets sights on retail dominance with $8 billion GrandVision deal

📝 PM Narendra Modi asks officials to remove hurdles in 'Housing for All by 2022' mission

📝 Trent Q1 profit at Rs 36 crore

📝 Angel Broking receives Sebi nod for Rs 600 crore IPO

📝 Government receipts only 14% of full year target in April-June quarter

📝 Vedanta contributes 0.40% to India GDP, says study

📝 JSPL completes Rs 732 cr order to supply long rails to Indian Railways

📝 Blackstone acquires 6% in Future Lifestyle for Rs 545 crore

*Business Standard*

📝 Govt softens stance on time frame for transition to electronic vehicles

📝 Apple clocks double-digit revenue growth in India; iPhone shipment up 19%

📝 After Canada's Cirque du Soliel, BookMyShow to bring NBA to India

📝 79% CEOs see growth prospects for Indian economy in 2019: KPMG Report

📝 Banking on Phase 5 project, DLF provides sales guidance of Rs 2,700 cr

📝 Indian Oil Q1 net profit drops 47% to Rs 3737 cr on lower refining margins

📝 Core sector growth at 50-month low in June; 4 out of 8 sectors contract

📝 At $2.73 trn, India's economy pushed to 7th spot; UK, France march ahead

📝 April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark

📝 HDFC reduces prime lending rates on home loans by 10 bps from August 1

*Financial Express*

📝 Funding down by over 30 pct: IL&FS, NBFC crises drag down realty

📝 Jaypee Infra CoC to discuss fresh bids on August 5

📝 Tractor sales fall 14 pct in April-June quarter

📝 Ashok Leyland Q1 profit dips 45 pct on poor sales

📝 Apollo Tyres Q1 net profit declines 44 pct to Rs 142 crore

📝 Warburg Pincus acquires controlling stake in Avanse Financial Services

📝 Allahabad Bank returns to profit as provisions fall

📝 Non-food credit increases 12.05 pct to Rs 95.90 lakh crore

📝 DHFL exits AMC business, concludes stake sale in two subsidiaries to joint venture partner

📝 Spandana Sphoorty to raise Rs 400 crore from IPO, Rs 800 through OFS

📝 Motilal Oswal Q1 profit rises, 25% to Rs 129 crore

📝 Banks plan uniform lending policy in jewellery sector

*Mint*

📝 Cabinet approves bill to prohibit all unregulated deposit schemes

📝 US Fed cuts key policy rate by 25 bps, the first reduction in more than a decade

📝 Jio poised to overtake Airtel as nation’s No. 1 telco by revenue

📝 Eicher Motors Q1 net dips 22% to ₹452 crore

📝 Tata Global Beverages Q1 net profit rises 10% to ₹141.68 crore

📝 Auto makers cut production by 11% in Q1 amid falling sales: Report

📝 Airfares to increase 5%, hotel rates 6.8% in 2020: Report

📝 Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

📝 Sales productivity firm Vymo raises funds from Emergence, Sequoia

📝 Flipkart launches ‘Samarth’ to empower Indian artisans, weavers and craftsmen.

LC & BG difference

Difference between Letter of Credit and Bank Guarantee
Difference between Letter of Credit and Bank Guarantee
📣📣📣📣📣📣📣
Introduction🏙
⬅⬅⬅⬅⬅⬅⬅⬅
This two terminology looks similar but both are very different. When one wants to expand the business means beyond the national boundary or within, one needs assurance from the buyer side that after delivery of goods or services the payment will receive and this can be done by the bank only.

In short, both these terms are used while doing business or transactions with domestic or international companies.
So, both these services are facilitated by the bank but in a different way as per the need of seller party.
Letter of Credit🏙
⬅⬅⬅⬅⬅⬅⬅⬅⬅
It is used while there is a high level of risk involves in business.It is used while doing import and export transactions with international companies.L/C is a written commitment issued by the bank or some other financial institutions for payment assurance to the seller party from buyer’s request.In L/C, the seller gets a guarantee of payment from the buyer’s banks on the due date payment will receive only if the seller meets all the conditions of deal like timely delivery etc.Banks offer a service like L/C on the basis of proof provided by the buyer’s party.If the buyer fails to make payment to the seller, the bank pays on behalf of a buyer and then the bank will recover it from a buyer anyhow.Banks will charge fees for this type of facilities.So in short, letter of credit is beneficial when product or service is delivered and payment is not done.It eliminates the financial risk involved in the business.

Types of Letter of Credit🎎
⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅
🗼Irrevocable Letter of Credit:
It is not modified or cancelled without the concern of all the parties.
🗼Revocable Letter of Credit:
In it, the issuing bank can revoke or cancel the letter of credit any time without prior notice to the seller.
🗼Confirmed Irrevocable Letter of Credit:
In it, the confirming bank gives more assurance to seller same as issuing bank.
🗼Unconfirmed Irrevocable Letter of Credit:
In it, an advisory bank from the seller's side performs as an agent for the issuing bank without any responsibility to the seller.
🗼Revolving Letter of Credit
This type of letter is used if in case regular transactions take place and remain valid for a long term without issuing the another letter of credit.

Bank Guarantee🏙
⬅⬅⬅⬅⬅⬅⬅⬅⬅⬅
🏦 guarantee is a service by which bank gives a guarantee to the seller on behalf of his client for assurance of payment.
🏢So, Bank guarantee has the same function as a letter of credit but with some differences.
🏦 guarantee generally used in domestic transactions.
🏦 guarantee is beneficial when contractual obligations are not fulfilled by the other seller party.
🏦 guarantee is used in infrastructure and real estate projects to reduce risk level.
⤵Letter of Credit V/s 🎎Bank Gurantee
Basis🎟
⤵Letter of CreditBank Guarantee-DefinitionA letter of credit is an obligation by the bank to the seller if the criteria met, the bank will make payment.

🎎In bank guarantee, if the opposing party doesn’t fulfil contractual obligations the Bank will make payment.
Boundary🎟
⤵It is used internationally.
🎎It is used domestically.
Protection🎟
⤵It protects both parties but favours exporter.
🎎It also protects both but favours buyer.
Industry🎟
⤵It is used by merchants.
🎎It is used by real estate and infrastructure developer.
L/Cs are frequently used in international transactions compared with bank guarantees. When comparing the two instruments, the market for bank guarantees is much larger than that for L/Cs.

General Banking bits

General banking  bits

1. A customer Mr Sharma had credit balance 40,000 in his saving ac and also had an OD ac with
overdue Debit balance of 20,000.Bank debits his saving account and adjusts OD ac. The bank is
said to have exercised Right of: Set-off
2. A Minor has extended Guarantee to a loan. It can be ratified by whom? It cannot be ratified by
any one.
3. A savings account becomes inoperative when it not operated for: 2 years
4. A term deposit of a HUF has become due. At the time of renewal, the Karta of HUF informs that
he has become Senior Citizen. What rate of interest will be given on term deposit? : Normal
interest rate. No benefit of senior citizen to be given
5. Additional interest is paid to senior citizens on which time FD: All fixed deposits (may vary from
bank to bank)
6. After Nomination in an account, what is the status of the nominee?: Trustee of legal heirs
7. An account of a customer can be closed in normal course on the request of the customer.
What are the other methods for closing account of a customer – (a) By negotiation; (b) As per
provisions of law; (c) After notice to customer in respect of undesirable accounts: Ans is C
8. An Illiterate person is generally not allowed to open which account – saving, term deposit,
recurring deposit, small account, Current Account: Current account.
9. As per RBI guidelines, Demand draft of Rs 50,000 and above should be issued against : by debit
to account but not against cash
10. As per RBI guidelines, minimum amount of deposit to open BSBDA account is: NIL
11. As per Sukanya Samridhi Account (SSA) the tenure of deposit is for years from the date of
opening of the account: 21 years
12. Bank is not required to produce original book of records but true copy can be submitted when
court has demanded as per which act? a) Civil procedure code b) Registration act c) B.R. Act d)
RBI act e) Banker Books Evidence Act.
13. Banker Customer relationship for deposits is ____: Debtor – Creditor.
14. Banker customer relationship in Safe Custody: Bailee Bailor.
15. Banker customer relationship in standing instruction: Agent – Principal
16. Bankers prefer Saving Deposits than Term deposits. Why?: Because cost of deposits for SB is
less.
17. Banks can decide interest rates of NRI, NRO or Term Deposits: Yes
18. Banks can raise what type of deposits?: Term and Demand Deposits
19. Banks should have the responsibility of currency management entrusted to a nodal official of the
rank not less than that of a General Manager and will be accountable for the obligations cast
upon currency chests by the Reserve Bank.
20. BC work as : Bank’s Agent
21. Business Correspondent can be identified by whom?: BDO,Post Master, Head of Village
Panchayat, other BC.
22. Business correspondents for banking for : serving weaker sections of society
23. Call money deposit is part of the sector : Organised sector
24. Complaints under Consumer forum should be dealt with within (Where no testing of commodities
is required) : 90 days.
25. Customer OD A/c has overdrawn Rs 2000/-. Saving A/c has balance Rs 3000. The bank adjusts
the OD A/c by which right: Set off.
26. DD of Rs.50000/- in cash : not allowed
27. Death claim settlement in how many days?: 15 days
28. Deposits held in Joint accounts; b) Corporate Deposits; c)
Inter-Bank deposit; d) Deposits of HUFs: Ans is Inter-Bank deposits.
29. Deposits which are not claimed for__years are required to be transferred by banks to
RBI: 10 years
30. DICGC cover is available in which of the following cases a) Credit balance in Cash Credit Account
b) Overdue Deposit c) Deposit of Government Department?: A & B
31. Differential rate of interest can be paid on fixed deposit if single deposit is for: Rs.1.00 crore
and above
32. Direct Tax Code will replace which of the following – Income Tax Act, Corporate Tax Act: Income
Tax Act.
33. Encashment of FOR with interest - payment can be made in cash if it is less than Rs 20000
34. Financial Inclusion means: providing banking services at affordable cost to the poor/distressed.
35. FULL FORM OF CASA? : CURRENT ACCOUNT & SAVING ACCOUNT
36. Garnishee order is not applicable to: a) Savings b) Current c) FD d) CC/OD with debit
balance: CC/OD with debit balance.
37. Govt. has decided to demonetize all the coins of paise 25 and below w.e.f. 30-6-2011.
38. How much amount can be deposited in a small account in a financial year?: Rs one lac
39. How much amount can be withdrawn from a small account in a month?: Rs 10,000
40. If in Garnishee Order no amount is mentioned, what should the bank do? Full amount to be
attached.
41. If payment of Rs 20000/- is made in cash in case of FDR what is the penalty: equal to the
amount paid
42. Illiterate account holder, how many witness for nomination: two
43. In Basic Savings Bank Deposit Account in all their accounts taken together and the total credit in
all the accounts taken together is not expected to exceed _____ in a year has been simplified to
enable those belonging to low income groups without documents of identity and proof of
residence to open banks accounts: 1,00,000/-.
44. In case Fixed Deposits account the rate of interest fixed by whom: Board of Directors of
respective bank.
45. In case of a/c transfer, with in how many days the address proof has to be submitted in the
transferee branch? Six Months
46. In case of an illiterate customer, process of nomination requires witnesses by how many
persons?: Thumb impression requires 2 witnesses.
47. In case of Deposit Insurance whether it mandatory or not: It is Mandatory for all banks.
48. In case of Deposit Insurance, Insurance premium is paid to DICGC by bank and depositor in
which ratio?: Entirely by bank.
49. In case of insurance of deposits by DICGC, premium is paid by: Bank. 100% of the premium
is paid by the bank and not by depositor.
50. In case of insurance of deposits by DICGC, what is the premium sharing ratio between bank and
depositor?: 100% of insurance premium is paid by the bank.
51. In case of Minor what is wrong? Minor can make himself liable for his actions.
52. IN CASE OF TRANSFER OF ACCOUNT, WITHIN HOW MANY DAYS, THE ACCOUNT HOLDER
SHOULD ADVISE NEW ADDRESS?: TWO WEEKS
53. In how many years of no transaction does a saving and current account become inoperative? :
two years
54. In Limited liability Partnership what is the liability of partner?: Amount agreed to be
contributed by partner at the time of joining partnership.
55. In saving accounts, interest is calculated on the basis of: daily product basis.
56. In Senior Citizen Saving Scheme account, who can be joint account holder?:Spouse

57. In small accounts as per RBI- No min. balance, nil/minimal charges etc
58. In small accounts monthly withdrawals to be upto- Rs.10000/-
59. Insurance of deposit is done by DICGC up to: Rs 1 lac per depositor per bank.
60. Interest rate on Saving Deposit is decided by : Banks individually
61. Interest rate on Savings accounts: Not regulated by RBI
62. Max amt for tax saver FD: Rs 150000
63. Maximum amount of deposit in Tax Saving Scheme of the bank can be: Rs 1,50,000
64. Maximum deposit for allocating a locker: 3 year advance rent plus locker breaking charges
65. Maximum period of NRE deposit: Bank Discretion.
66. Minimum and Maximum amount that can be deposited in PPF account is _____: Minimum Rs.
500/- & Maximum Rs. 1.50 lacs.
67. Minimum Lock in period for Tax saver FDR: 5 Years
68. Minimum Maturity Period for Certificate of Deposit is : 7 days
69. Missing person treated as having expired if missing for: 7 years
70. No Frills Accounts are opened for: Financial Inclusion
71. No of digits in Aadhar : 12
72. Non Resident (External) fixed deposit is normally accepted for a period of (a) 1 year to 3 year
(b) 1year to 5 year (c) 1 year to 4 year (d) 1 year to 7 year (e) 6 months to 3 year: 1 year to 3
year (As per RBI it is minimum 1 year and maximum bank discretion)
73. OD in PMJDY account upto: Rs. 5,000/-.
74. On a cheque presented for payment, amount is written in words but all other items are written in
Regional Language. What should the bank do?: Pay the cheque
75. Pensioner account can be opened jointly with? Spouse as Either of Survivor or Former or
Survivor.
76. Rate of Interest in Sukanya Samridhi Account for 2015-16: 9.20% & 8.6% FOR 2016-17
77. Relation between bank and judgment debtor: debtor & creditor.
78. Safe custody of Articles comes under which Act: Indian Contract Act.
79. Star series note can be issued in denomination of Rs 100 also. (earlier only Rs 10, 20 & 50)
80. Super senior citizen after: 80 years of age
81. The balance in the account is Rs 15000. A cheque of Rs 30000 was sent for collection. Before it
is realized a cheque for Rs 20000 has been presented for payment. What should the bank do –
(a) Return with reason effects not yet cleared. Present again; (b) Pay the cheque; (c) Return
with reason exceeds arrangement; (d) Return with reason Refer to Drawer; (e) Return with
reason Insufficient Funds: Insufficient Funds
82. The minimum & maximum period of certificate of deposit is : 7 days, 12 months
83. There is a credit balance in the saving account and there is a overdraft in the current account
amounting to Rs 555. Both accounts are in the same name. Bank wants to adjust credit balance
of saving bank account towards payment of overdraft. As per which right, bank can do this?:
Right of Set Off.
84. Under Sukanya Samridhi Account (SSA) the maximum period upto which the deposits can be
made is for ___ years from the date of opening of the account: 14 years
85. Under Sukanya Samridhi Account (SSA) the minimum amount of deposit is Rs 1,000 and Under
Sukanya Samridhi Account (SSA), the bank account will be opened for a girl child upto the age
of: 10 years
86. Under Sukanya Samridhi Account (SSA), the current rate of interest on deposits is which is the
highest amongst all other Govt. Saving Schemes: 9.20% & 8.6% FOR 2016-17
87. What are the Service charges for using ATMs of other banks for balance enquiries: Rs.20 for
Financial & Rs. 10 for Non- Financial upto 5 transactions ( 3 at Metros)
88. What documents are required for opening a small account?: Self attested photo and address
89. What is the bankers-customer relationship in case of deposits? Debtor – Creditor
90. What is the distance criteria for office of Business Correspondent?: The distance between the
place of business of a retail outlet/sub-agent of BC and the base branch should ordinarily not
exceed 30 kms in rural, semi-urban and urban areas and 5 kms in metropolitan centers.
91. What is the maximum amount of loan that can be granted against FCNR deposit? No limit.
92. What is the periodicity of review of risk classification of customers?: Every six months
93. What is the rate of interest payable on an overdue FD for overdue period if customer demands
payment and does not renew the same?: Saving Bank Rate
94. What is the special feature of Basic banking Account? Account can be opened with nil or very
small amount and there are no requirement of minimum balance.
95. What type of account can be opened in the name of NRI jointly with residents? NRO /NRE/FCNR

(earlier only NRO)
96. What type of activity can be performed by Business Correspondent - (a) processing and
submission of applications to banks; (b) disbursal of small value credit, (c) recovery of principal /
collection of interest (iv) collection of small value deposits: All of these
97. When a person wants to open an account with a bank but does not have proof of identification
and address, what type of account can be opened?: Small account
98. When Letter of Administration issued: When the person dies without leaving the Will- Intestate.
99. Whether “WILL” has to be registered? Not required.
100. Which form is used for cancellation of nomination in deposit accounts?: DA -2
101. Which is not a proof of Identity?: Ration card.
102. Which is the most important document for opening a Trust Account?: Trust Deed
103. Which of the following forms will be used for allowing exemption to a depositor aged 61 years
: Form 15 H
104. Which of these rates are periodically reviewed by RBI?: Repo rate, Bank rate, but not Savings
Bank Rate.
105. While opening account, a bank, in addition to observing various provisions of Indian Contract
Act should also – exercise utmost care and attention; look at profitability from account; exercise
due diligence: Due diligence
106. While opening the account with a bank, prospective customer is required to submit – PAN No
or Form 60 or 61
107. Who are eligible for preferential rate of interest under NRE deposits: a) Staff b) Senior citizen
c) Staff cum Senior Citizen d) none of these?: None of these
108. Who can do nomination in the account of a Minor?: Can be done by guardian not by
minor
109. Who of the following can exercise nomination – HUF, limited company, trust, Partnership firm,
sole proprietorship firm?: Sole Proprietorship firm.

Risk Management important

Risk Management  important

01 RBI implemented the Basel-III recommendations in India, w.e.f:
a) 01.01.2013, b. 31.03.2013, c. 01.04.2013, d. 30.09.2013
02 Basel III recommendations shall be completely implemented in India by:
31.03.2020, b. 31.03.2019 c. 31.03.2618 d. 31.03.2017
03 Basel III capital regulations were released by Basel Committee on Banking Supervision (BCBS) during as a
Global Regulatory Framework for more resilient banks and banking systems:
December 2010, b. March 2011, c. December 2011, d. December 2012

Congratulations All CAIIB RESULTS Announced

Congratulations All CAIIB RESULTS Announced

Download link

https://iibf.esdsconnect.com/marksheet/caiibresult?fbclid=IwAR0DWH95MrMNCUm7T6uOXcTINtv5NnWdPqKyIaQ0YSMmnML7bez3PCn49Ik

RECOLLECTED JULY 2019 IIBF ALL EXMS

In today's microfinance exam questions from,

1. Chikola group

2. Rrb bank established in the year

3. Rbi act, rrb act,

4. Bank rakyat Indonesia

5. Malegam committee recommendation

6. Shg bank linkage program

7. Sewa bank

8. Break even analysis also named as

9. As 2 deals with

10. Examples of cash flow like travel expenses interest expenses

11. 2 numericals from break even anaysis

12.average case load formula

13. Question from relationship risk

12.

Recollected Questions 21.07.2019 IT security recollected on 21.07.2019

ROBO backup

Skimmer and shimmer

RFID and Barcode shortcomings

ISO 27001

After Jillani committee 1996

What IT act took place

Downstream liability

Routers

A/B testing

VoiP eavesdropping

User level controls

PCI DSS

HIPAA

Defence in Depth

Green servers

Blade servers

E -wastes

Scavenging

ATM jitter

Mobile banking

TCP IP

VLAN

Cyptography

Steganography

IDS DNS

CLOUD computing

Threats

Vulnerability

SQL Injection

Cyber terrorism

Viruses worms

Malware

Stuxnet

Fault tolerence

Business continuity and Disaster recovery

DTP

Many case studies were there - calculations of duration,MD,convexity, mclr related problem, cal of market, credit risk weighted assets,

CTP

Certified treasurey professional questions dated 14.7.19

Friends to be honest paper was easy compared with the one dated 27.4.19

The following are the questions given

Numerical related to

FRA

Commercial paper numericals around 6-7 and also individual questions related to cp and cd such has issuers and maximum limit and minim limit and

Questions related to various measures of options : delta , gamma,rho,

Numericals on bond prices

Numericals of auctions

Dutch auction

French auction

Novation definition

Liquidity related questions

Direct quote

Reinvestment risk

Futures

Qustions related to bond yield

Transfer pricing

ECB

Option coupon bond

Zero coupon bond

The questions were mostly numericals so pleae go through the reference book

All d best friends

ISB

information System Banker Recollected questions

CyAT

CAA

Digital Signature

BCP

Digital forensics

Normalisation

Internal audit

DBA responsibility

Telecommunications system audit

Power off switches

Cyber terbunal judge or magistrate

DS reissuance

Central depository of DS

Audit trail significance

Bottom up methodology

Audit plan

BCP

IDS

Virtual keyboard

IFMS full from

EFT

RBIA

Inherent risk

Insider threat

IS Audit policy

Information security officer role

DBA responsibility

Stress testing

BCNF

Critical applications

Poor architecture system

SDLC

Prototyping model

RTO application

IT Act 2000

Punishment for copyright as per IT Act

Controller of Certifying Authorities operates the National Repository of Digital Signatures (NRDC)

Function of modem, which is not an OOP Lang. C C++ Java C#, questns abt DRP, Trojan horse, sniffing, spoofing, availability, integrity, DBMS, preventive, corrective, detective controls, BCP

DDL DML DCL TCL commands, CA CCA-Digital certificates

Digital signature complete

Cyber apellate tribunal presiding officer

System testing

Compliance testing

Substantive testing

Telecom control

Db forms

Db commands

Risk based audit

It audit

Dba roles n resp

Prototyping model

Sdlc full

Interface testing

Rbeit ltd reg it subsidiary of rbi

Non repudiation

Bot stroke worms

Certified information System Banker

13.01.2019 3 PM Batch

Moderate Difficulty

Passing Mark 60

Each question carries 1 mark ( 100 questions )

Scored 55 marks

Recollected questions

DR centre location

Data warehouse

Audit charter/policy

Is audit 5 -10 questions

RAM and cache memory

Static RAM

Metadata

Which DB model used in CBS

Characteristics of a table

Many to Many relationship in DB

Simple ,self,outer join

Adaptive maintenance

Multiplexing

Packet switching

Full Duplex method

Bridge,router,switch,gateway

Diff between router and switch

Function of osi model layers 5 questions

Which protocol used in banking http,smtp,tcp/ip

Real time processing

Emergency response

Mirror site and reciprocal agreement

Trojan horse

E money

INFINET

CFMS

SFMS

Spoofing, piggybagging

Pervasive principle in GASSP

Classification of control

Boundary sub system

Audit trail

Attenuation

Types of noise (cross talk)

False positive and negative

Firewall

Intrusion detection systems and tuning

In what circumstances user ID and password will be given to user(emergency access)

Remote Access

OS tasks

Travelling virus procedure

Public and private key encryption

ISB Recollected Questions and Exam Tips june18::::

Function of modem, which is not an OOP Lang.

C C++ Java C#, questns abt DRP,

Trojan horse, sniffing, spoofing, availability, integrity, DBMS, preventive, corrective, detective controls, BCP

International trade finance today's recollected

Its all about Limits on various transaction, FEMA Schedule:I, II, III, LRS, JV/WOS, different FC A/c and their purpose. Reading Macmillan BOOK thoroughly is sufficient to clear the Exam.

[08/07, 07:28] Ara: Vostro account

[08/07, 07:28] Ara: ECB is a form of bank loan, suppliers credit, buyer credit

[08/07, 07:28] Ara: Standby letter of credit is under ucp600 or ucp600 ,isp

[08/07, 07:28] Ara: Bill of Ladding 2 questions, export bill crystallization, guarantee maximum period, exim Bank duties 2mark, Duration of bill realisation, PCFC value above export order, deemed exporter, if domestic price increases above export price...

[08/07, 07:28] Ara: Deemed export 2 ques

[08/07, 07:28] Ara: Bank guarantee under

[08/07, 07:28] Ara: Lrs scheme available to individuals upto USD 250000 not to corporate, partnership, huf, trust

[08/07, 07:28] Ara: Buyer credit linked to Libor/ mibor

[08/07, 07:28] Ara: Documents should be presented within 21 days from

[08/07, 07:30] Ara: If the maturity date is a holiday then it should be presented before the date or after holiday

[08/07, 07:38] Ara: Merchant trade should be completed within 9 months

[08/07, 07:41] Ara: What is clean payment

[08/07, 07:41] Ara: High sea sale

[08/07, 07:42] Ara: Trade blog 1 que

[08/07, 07:43] Ara: Normal transist period is from the port to destination port or from manufacturing to destination port

[08/07, 07:47] Ara: India export rice in exchange of petrol, Diesel this is theory of comparative advantage , heckscher ohlin theory, theory of absolute advantage

[08/07, 07:50] Ara: In trade within country which is common as international trade. Dap ,Daa LC

[08/07, 08:00] Ara: Factoring forfeiting 4 questions

[08/07, 08:06] Ara: Transfer LC

[08/07, 08:11] Ara: Foreign exchange governed by dgft RBI, exim bank,

[08/07, 08:14] Ara: Lc is given on Fob value

[08/07, 08:20] Ara: If ABC company is having bank guarantee with x bank and they are entering to contract with y to supply goods and if ABC company fails what bank will do a) pay to y on the value of entered or b) pay a guarantee amount

[08/07, 08:21] Ara: Pre shipment 360 days

[08/07, 08:21] Ara: Preshipment interest is given upto 180 days

[08/07, 08:27] Ara: Bank guarantee should not be issued more than 10 yrs

[08/07, 08:29] Ara: Status holder are classified from one to five star

[08/07, 08:29] Ara: Softex is used for software export

[08/07, 08:36] Ara: Advance remittance up to usd200000

[08/07, 08:39] Ara: ABC company is dealing with goods and banking with x � bank , it buys goods from y and for y company x bank willing to finance is it a) vendor finance b) channel finance

[08/07, 08:49] Ara: Three , four star export house

[08/07, 08:54] Ara: Export of goods freely upto RS 500000

[08/07, 08:57] Ara: Project contractors after completion of project abroad may import without an authorisation good including capital goods used in project provided they have been used for atleast 1 yrs

[08/07, 08:58] Ara: Duty exemption scheme

[08/07, 08:59] Ara: Duty drawback scheme

[08/07, 09:03] Ara: Arbitration

[08/07, 09:03] Ara: Speculation

[08/07, 09:05] Ara: If on Oct 3 transaction is settled on Oct 5 assuming Oct 3,4,5 is working day this is a) spot b) forward c ) future d) ready

International Trade Finance exam yesterday.

Bill of Ladding 2 questions, export bill crystallization, guarantee maximum period, exim Bank duties 2mark, Duration of bill realisation,PCFC value above export order, deemed exporter, if domestic price increases above export price... Some more questions which I recollected.

 Thanks

Trade Finance Recollected Questions: Preshipment, Post shipment Finance, PCFC, Forfaiting, EXIM Bank, FTP, Trade Blocs, ECGC Confirmation, DEPB Scheme, EPCG, Limitation Clause, ECNOS full form, Combined Transport Document, Gift Exports limit, Adv payment limit on Import, Bonafide Baggage period, Drawback, Merchanting TradeTrade, Domestic Trade types.

 digital banking recollected

Jackpotting

Emv and non emv

Abps and aeps

Financial exclusion concept

10 questions on cards

Frauds like skimming etc

Risk based 5 questions

Mpin based 3 questions

Card dimension

8 straight forward questions from book

Confusing ones as all questions have 2 anwers type...be carefull before marking answers

Digital banking todays recollected questions

Otp full from

Pharming  attack on internet website's 

Mom and pop means

Technology solution in India which is not part of FI

Cyber mugging

X2x service code

Pos terminals related questions

Dimensions of plastic card

Difference between  gprs pos and pstn  pos

First pos mc developer in india

Chargeback related questions

Jackpotting in atm means

Meltdown and spectre means

Nfs managed by npci situated at

In Forex settlement the rupee leg is settled through

If I recollect I will append pls

Ccp-

Questions were conceptual. Really difficult questions from LG and LC. Questions from Syndication and MBA -5. LC - no numericals only conceptual case study 5 no. Syndication and Consortium -5 . EPS -5, IBC -5 , and questions covering the whole book. Interesting fact - none of this answer was the right answer nearly 15 -20 questions. Very confusioning

· Cleared CCP today.. Questions were from msme service n manufacturing sector, Npv and irr difference, eps calculation, calculation of tnw-1, minor question-2,case study on huf , bcsbi -2 questions, case study on lc and asked to select type of lc, max period of BG, deferred payment guarantee, cersai is done under, cersai is used for, break even point calculation-1,standard deviation on investment,time value for money etc...

· Forex operations review and Recollected exam

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· Usance Period

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· sanction of fresh/enhanced export credit limits should be made within 45

· 

· Limit for export under OPGSP

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· Schedule III of FEMA

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· Remittance exceeding USD10Mio per project consultancy service in respect of Infra Projects

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· commission to an agents abroad for sale of residential flats-USD25000 or 5% of inward remittance

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· reimbursement of pre-incorporation expenses

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· Donation - 1% or USD 5Mio

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· Pan mandatory for all LRS remittance

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· LRS reporting - Daily Basis

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· LRS not applicable to HUF,Partnership form, Trust

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· 2 new Incoterms incorporated in 2010

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· export realisation period

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· collectin bill

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· rate application from transfer from NRE to FCNR

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· who issue SOFTEX form

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· fedai last meetings

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· advance remittances toward imports of services are permitter without any limit

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· question on accruals in the account should be converted into rupees into rupee on last day of succeeding

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· month

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· who can open SNRR account

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· How much INR can be taken outside Inida

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· Export of gift articles not exceeding 5 lacs

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· NRO account Foreign nationals should not exceed more than 6 months

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· Vostro account is funded through which Form1/2/3/4

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· when we sent MT707

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· Travellers proceedings to which countries not exceeding USD 300 per visit

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· Target of FTP2015-20 export target of $900 billion by 2019-20

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· Article 13 of UCP 600

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· Green clause credit

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· Commercial invoice should be signed and dated

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· 10-12 questions on ECB,FDI,ODI

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· 3-4 questions on FTP

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·  Questions asked from UCP 600, LOC, LRS, FTP 2015- 2020, ECGC, PTA, ECB, etc.

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· 

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· Cleard Foreign Exchange Operations Exam today..paper was little bit tricky..no numericals, no case studies..just theoretical but concept based questions..ECB,FTP,LC,LRS,ECGC,EXIM, pre & post shipment are the some areas which covers more than half of the question paper.

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· 

· 

· 

· 

· 

· forex operation question 27.10.2018

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· 

· 

· fro nre to fcnr which rate apply

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· as per latest what is mandatory for lrs "pan"

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· how much invest in jv - 400%

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· coprporate donate what amount - 1% of forex earning or $5 m which ever is less

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· one from high seas sale

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· marine insurance policy indemnity se related

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· fedai rate declare which rate in month end

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· one is ralated to var and fbil

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· if forward is more than spot then what - interest on base less than counter

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· regarding lou and loc - ans is both are dicontinued

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· one is if there is no loc and lou then what is the option for importer

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· one forfaiting

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· what is requirement to be an exporter

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· if account is standard then in which case there is no need to report ecgc before disbursement

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· ek bpo se related

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· one is from eefc

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· one is for tt buying

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· ftp target for 2020

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· advane under import of services without guarntee - $ 5 lakh

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· condition for granting loan against nri deposit

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· lc amendment- mt707

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· one from urbdg 758

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· urr 722

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· one from demand guarantee

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· standby lc

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· one is lc term prevail against sanction ye ans h question i forget

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· if lc not require transport , invoice then what - option given not remember

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· incoter added in 2010 - dap dat

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· one is if in lc there is no presentation date only expiry given then what will be presentation date

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· for what we can not issue lc

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· if lc is in fob then import licence what we endorse option - cif exw fob

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· who issue softex forms

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· one is edi port - sdf

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· if some mistake in shippong bill then what will appraising officer do - mark and point to commisioner

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· 

· 

· ~forex operation question 27.10.2018

· 

· fro nre to fcnr which rate apply

· 

· 

· 

· as per latest what is mandatory for lrs "pan"

· 

· 

· 

· how much invest in jv - 400%

· 

· 

· 

· coprporate donate what amount - 1% of forex earning or $5 m which ever is less

· 

· 

· 

· one from high seas sale

· 

· 

· 

· marine insurance policy indemnity se related

· 

· 

· 

· fedai rate declare which rate in month end

· 

· 

· 

· one is ralated to var and fbil

· 

· 

· 

· if forward is more than spot then what - interest on base less than counter

· 

· 

· 

· regarding lou and loc - ans is both are dicontinued

· 

· 

· 

· one is if there is no loc and lou then what is the option for importer

· 

· 

· 

· one forfaiting

· 

· 

· 

· what is requirement to be an exporter

· 

· 

· 

· if account is standard then in which case there is no need to report ecgc before disbursement

· 

· 

· 

· ek bpo se related

· 

· 

· 

· one is from eefc

· 

· 

· 

· one is for tt buying

· 

· 

· 

· ftp target for 2020

· 

· 

· 

· advane under import of services without guarntee - $ 5 lakh

· 

· 

· 

· condition for granting loan against nri deposit

· 

· 

· 

· lc amendment- mt707

· 

· 

· 

· one from urbdg 758

· 

· 

· 

· 

· 

· urr 722

· 

· 

· 

· one from demand guarantee

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· 

· 

· standby lc

· 

· one is lc term prevail against sanction ye ans h question i forget

· 

· 

· 

· if lc not require transport , invoice then what - option given not remember

· 

· 

· 

· incoter added in 2010 - dap dat

· 

· 

· 

· one is if in lc there is no presentation date only expiry given then what will be presentation date

· 

· 

· 

· for what we can not issue lc

· 

· 

· 

· if lc is in fob then import licence what we endorse option - cif exw fob

· 

· 

· 

· who issue softex forms

· 

· one is edi port - sdf

· 

· 

· 

· if some mistake in shippong bill then what will appraising officer do - mark and point to commisioner

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· Foreign Exchange Operations Recollected question (27/10/18)-

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· 1. LRS scheme availble to?

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· 2. question abt Gift/donation.

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· 3. one abt medical treatment?

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· 4. PAN mandatory in LRS?

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· 5. travellers limit 3000USD per visit or per annum?

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· 6. foreign currency not permissible to- Nepal

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· 7. forward contract limit- USD 1 million

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· 8. question on RFC ac.

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· 9. direct question on PIO.

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· 10. whi can open SNRR ac

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· 11. question abt prohibited investment.

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· 12. what is green clause lc.

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· 13. question on tolerance limit in Lc.

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· 14. question abt advising bank.

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· 15. question abt MT707.

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· 16. 3-4 question abt bill of lading.

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· 17. 2 new INCOTERMS.

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· 18. SOFTEX form.

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· 19. export to warehouse question.

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· 20. 5-7 indirect question abt pre and post shipment.

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· 21. question on forfaiting.

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· 22. question on bill of entry.

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· 23. 2-3 question on trade credit.

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· 24. 1 question abt nature of transaction and rate applied.

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· 25. 1 abt ECIB(WTPC)

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· 26. 1 question on standby credit.

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· 27. LRS statement submission.

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· 28. normal transit period

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· 29. ECB cost ceiling.

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