Saturday, 2 November 2019

Jaiib ppb recollection may 2019

Recollected PPB questions on 05.05.2019 updating by srinivas kante

CRR ration of schedule
commercial banks under basel3 norms.
2.protocol used for file transfer (FTP)
3.networks to network is called( Internet)
4.ombudsmam person is required if a bank has —- no of outlets.( 7,10,5)
5.Factioring question 2 marks

Lady come with 9 yr old child and asks u to open minor account to be operated by her (ahe as natural Guardian)..what you will do?

 internet defination
Troplogy defination.
What is INEt,
factoring.
Hypothecation.
Assignment
Market information system
Absorption price
SEBi function

Two times endorsed cheque one que

Product development atages-maturity stage was asked in details

Feature of cheque truncation system

Money market instruments were asked

Which of the following is direct marketing? Zero level , one level were the option

Not a Function of marketing? Planning, implementation, control, correction

Credit information can be accessed by which parties?

Banker customer relationship

Consumer protection act- national commission is established by

STR to be submitted within -7 days

que on cersai, int subv., security charge on actionable claim by_____ , goi hold 100 stake in ??  options r -- sbi , hdfc , postal payment bank

If some otherwise major part is to be kept aside during screening then it's -----1)MIKS error 2)Major error something like this

Interest rate on unclaimed account




1 age limit of pmjdy account holder for od limit
2 In case of natural death in which insurance category it comes like plant or jjby
3 in how much time atm holder claims for insurance
4 od limit for pmjdy account holders,
5  which is not part of social media
A pinterest
B instagram
C facebook
D wikipedia

Pmjjby pmsby
consolidation of firms
mclr
garnishee order

1.Bankers cheque validity from date of issue
2. A and b are having locker operation with e or s.. c is appointed as nominee... now A is expired...who can operate the locker
3.Topology network means?
4. NET is used for?
5 SWIFT operation means




8 questions from ethics, mainly business ethics
Conditional mortgage
Clayton rule
Questions from lien,
set off,
hypothecation,
pledge
Who's the weaker section in priority sector lending?
Not maintaining SLR how much penalty

Which of the following functions are carried by IRDA in India?
(i) Regulator of insurance companies
(ii) Regulator of insurance products
(iii) Supervision of the general insurance market
A. Only (i) and (ii)
B. Only (i) and (iii)
C. Only (ii) and (iii)
D. (i) (ii) and (iii).

Cooperative bank can borrow 2% .....how many points base

PPB JAIIB (05.05.2019 morning batch)
- PMJJBY max age
- SHG max age
- factoring forfeiting
- Marketing ( max no of questions )
- Cersai within how many days to be registered
- NURLM - subsidy amount
- Book Debts
- 8 questions on Business Ethics
- conditional mortgage
- Clayton s rule
- lien
- rite to set off
- hypothecation
- pledge
- weaker section in priority sector lending
- penalty for not maintaining SLR
- Co operative bank can borrow 2%
- how many points base interest subvention in NULM NRLM % and upto wat amount
- OD limit for PMJDY 5000
- possession can transfer in which type of mortgage - unsufructuary mortgage
-provision related questions (3)
- questions on priority sector lending
- YOJANA s ( PMJDY PMSBY PMJJY PMJBY )
- cersai mortgage related questions
- IRDA / SEBI / RBI related questions
- Doubtful NPA provisioning
- EMV stands for EUROPAY MASTER card & VISA

NRLM subsidy amount
Right of subrogation
Kharif season food grain PMFBY premium
PMJJY max age
Bussiness ethics
Penalty on non maitainence of SLR
Claytons rule
DD cancellation?
Cheque payment after working hours
Market stabilisation scheme purpose
Supervision of RBI
Marking concept
Basel concept
Npa concept

Garneshe order , cersai , pmjdy, pmjjy ,pmsby
Recollected Questions from Today's Exam...

Today's question ....
Cylton rule
Npa provisioning
5- 6 question From Ni act
Minor comes which act
Gandhian thought from kuran; gita etc 😊
Submention secme
Securities
Limitation
Mclr related two questions
Slr penalty
From Garnisee order
Clearing cheque question
Str reports  submit within 15 days
Fake currency reports
NASDAQ from
Ctr cheque
5 - 7 question from bank deposit policy
 2- 4 question from   insurance sector
1 -2 question from act
Question from ndtl
 Question from Whistle blower policy
Neft related
What is inet
Which option not come from social site 😊 youtube facebook wikipedia
Atm switch
Multiple pin use - debit card credit card; smart card 😊
Question from cbs
Minor account  can open with mother/father
Swift
Questions related to provisioning of NPA,
priority sector targets  sub targets
business ethics.
4 p, 4c, study the mcq of each chapter from the book
Market stabilization schemes
Workplace ethic...
PMSBY loss of one eye one hand insurance cover..
Network of networks...
Cylton rule..
In factoring sevice the factor provides
business ethic refers to
Phishing attacks
.objective of relationship management.
.function of CKYCR
.SWIFT  features
.SMFis mandatory for exchange of information smoothing in...
.facilities required by exporters from bank...
.TReDs act

Friday, 1 November 2019

VARIOUS KINDS OF CHARGES OVER SECURITIES & its Charge

VARIOUS KINDS OF CHARGES OVER SECURITIES & its Charge
immovable Property like land and building Mortgage

Actionable claims like Book debts, FDR. NSC, Life Policies Assignment

Movable property/_goods like Plant &machinery, stocks, vehicle, RIR Pledge or hypothecation

Paper securities like Shares, debentures, MF units, bonds Lien

IT SECURITY 26.10.2019 MEMORY BASED RECOLLECTED QUESTIONS

IT SECURITY
***********
Giv priority to Technical terms...
***************
26.10.2019 MEMORY BASED RECOLLECTED QUESTIONS
Salomi technique

Accountability- biometric login wat d user has/knows/is

Access control
Access privilege

Maker checker principle

Ciso/cfo role

Anti piracy

Thteat/vulnerability/impact

RFID radio frequency identification

Perimeter security

3 most common metal detector

Fire extinguishers

E waste

BYOT/BYOD /work from home

Commonly used sever

Router/modem/switch/gateway

White box/black box testing

Alpha/beta testing

ISO certfctn standard specifctn

COBIT

STEGNOGRAPHY/RANSOMWARE/CYBER TERRORISM/SOCIAL ENGG

DOS/DDOS

CAPTCHA

MALWARE/SPYWARE/ADWARE/ROOTKIT/BOTNETS

FASTFLUX/STUXNET

HOTSITE/WARMSITE/COLDSITE

IS AUDIT QUALIFCTNS

GUIDELINES FOR FRAUD PREVENTION

FSDC

National organisation s


❤️ Updated List of famous National Organizations
❤️ Reserve Bank Of India (RBI)
πŸ”· Founded - 1 April 1935
πŸ”·HQ - Mumbai
πŸ”· Governor - Shaktikanta Das
❤️ Securities And Exchange Board Of India (SEBI)
πŸ”· Founded - 1988
πŸ”· HQ - Mumbai
πŸ”· Chairman - Ajay Tyagi
❤️ Insurance Regulatory And Development Authority (IRDAI)
πŸ”· Founded - 1999
πŸ”· HQ - Hyderabad
πŸ”· Chairman – Subhash Chandra Khuntia
❤️ Small Industries Development Bank of India (SIDBI)
πŸ”· Founded - 1990
πŸ”· HQ - Lucknow
πŸ”· Chairman – Mohammad Mustafa
❤️ Telecom Regulatory Authority of India (TRAI)
πŸ”· Founded - 1997
πŸ”· HQ - New Delhi
πŸ”· Chairman – Ram Sewak Sharma
❤️ Food Safety and Standards Authority of India (FSSAI)
πŸ”· Founded - 2011
πŸ”· HQ - New Delhi
πŸ”· Chairman – Rita Teotia
πŸ”· CEO - Pawan Kumar Agarwal
❤️ Council of Scientific and Industrial Research ( CSIR )
πŸ”· Founded - 1942
πŸ”· HQ - New Delhi
πŸ”· DG - Shekhar C Mande
❤️ Defense Research and Development Organization ( DRDO )
πŸ”·Founded - 1 Jan 1958
πŸ”·HQ - New Delhi
πŸ”· DG - G. Sateesh Reddy
❤️ Indian Space Research Organisation (ISRO)
πŸ”· Founded - 15 Aug 1969
πŸ”· HQ - Bengaluru
πŸ”·Chairman - K. Sivan
❤️ Federation of Indian Chambers of Commerce and Industry (FICCI)
πŸ”· Founded - 1927
πŸ”· HQ - New Delhi
πŸ”· President - Sandeep somay
πŸ”· SG - Dilip chenoy
❤️ National Human Rights Commission (NHRC)
πŸ”·Founded - 1993
πŸ”· HQ - New Delhi
πŸ”· Chairman - H L Dattu
πŸ”· SG - Jaideep Govind
❤️ National Security Guard ( NSG )
πŸ”· Founded - 1984
πŸ”·HQ - New Delhi
πŸ”·DG - Anup Kumar Singh
❤️ Indian Coast Guard (ICG)
πŸ”· Founded - 1978
πŸ”· HQ - New Delhi
πŸ”· DG -  Krishnaswamy Natrajan
❤️ Bhabha Atomic Research Centre (BARC)
πŸ”· Founded - 1954
πŸ”· HQ - Mumbai
πŸ”· Director -Ajit Kumar Mohanty
  

Thursday, 31 October 2019

Jaiib PPB & legal important

Some Important Things to Remember PPB and Legal

✅Cheque truncation-Electronic Image

✅Notice of dishonour waived mentioned in an endorsement - Facultative endorsement

✅Endorsement without recourse-Sans recourse endorsement

✅In crossing where banks name is included-Special crossing

✅Not negotiable crossing indicates that payee has got a better title.

✅Difference in words and figures-Amount in words to be paid.

✅As per CTS 2010- Amount in words is called as legal amount and amount in figures is called as courtesy amount.

✅Cheque drawn in different inks-Pass the cheque

✅Cheque having impossible date like 31/11/2016 presented on 30/11/2016 pass the cheque.

✅Cheque dated prior to date of account opening – Pass the cheque.

✅Bearer cheques - Pass the cheque.

✅Validity of a Cheque - 3 months

✅Immediate credit of outstation cheques - Rs 15000

✅Minor becomes major at the age of 18, if guardian is appointed by court he becomes major at the age of 18.

✅Minor can endorse but will not be liable

✅Missing person-A person is presumed to be died only after of lapse of 7 years from date of report to be missing.

✅For individuals, Joint accounts(not survivor,if issued by survivor,pass the cheque), partnership-Death of individual/partner- Payment of the cheque to be stopped

✅For Trust, Company, POA-Death of Trustee, Director, Agent-Pass the cheque.

✅In joint account, Partnership account, any person, partner can give stop payment notice, but revocation to be done by all.
E or S, death of one amount to be paid to survivor.

✅In joint operation account, if any one dies then amount will be paid to legal heirs of the deceased plus survivor.

✅In former or survivor only former has got all the rights, survivor can’t give stop payment nor withd be signed by both.

✅In case of locker operated jointly, if any person dies then access will be given to survivors along with nominee. In case of E OR S, then articles will be taken by the survivor.

✅Banks will issue notice for operation or surrender if Locker is not operated for one year in high risk accounts Locker is not operated for three years for medium risk accounts.

✅Break open of lockers to be done in front of the Branch officials, locker hirer, and two independent witnesses.

✅Premature or closure of deposit accounts, nominations to be signed by all joint account holders-Note-Premature can be done if demanded by survivor provided the authorisation was given at the time of account opening by the joint account holders for premature closure if any one dies.

✅In HUF Senior male coparcener is Karta.

✅A blind person can open a current account but an illiterate cannot open a current account.

✅Inland bills-Drawn in India, Payable in India by a foreigner or resident, payable abroad by an Indian.

Foreign bill other than the above.
✅A bill presented on 15/05/2017 and accepted on 16/05/2017.Due date will be 2 months from the date of presentment. Due date?

✅Even though 2 months presentment is given only accepted date to be taken into account.

✅2 months from 16/05/2016 -16/07/2016 Add 3 days grace- 19/07/2016 (3rd day)

✅If the due date happens to be a holiday then the bill will be paid on previous or preceding working date

✅Issue of DD without indemnity/no payment advice-Rs 5000

Sunday, 27 October 2019

Forex operations recollected on 26.10.2019


Only one numerical related to cross rate and other about concept & latest operational guidelines.

5 to 6 Qns from Incoterms

Same no. of Qns from LC too.

2 Qns from UCP 600

3 Qns from forfaiting & factoring

5 Qns from Import & Export financing

CCP recollected questions on 26.10.2019

Questions were mainly from conceptual undestandings Export Credit (LC), Tandon Committee, IRAC norms, Priority Sector Lending Certificates, Restructuring, Financial Ratios

CP
WC(1nd and 2nd method)
Break even case study
ICR
Ratios interpretation
WCG
Syndication
Consortium

Minors
Public ltd company
Charge creation

Mortgage


CTP recollected on 26.10.2019

CTP recollected on 26.10.2019


 5 case studies we're there , 2 from bonds yield calc, 1 forward rate agreement, 2 forex total 25 qn from case study. 15 simple mathematics qn, and rest are theories.

Certified Treasury Professional Online exam , 64.
Thanks to Sir and Group members for their valuable guidences.
Paper is Moderate, deep study required.

Mechmillan book.
Notes of Sir,
BFM book (Module C)
FAQs avilable on FIMMDA website,
Treasury Terminology available on IIBF website
Mock tests etc.

Bcsbi recollected questions on 26.10.2019

Bcsbi recollected questions on 26.10.2019


1) Reason for termination of Bank customer relationship
2) where we can not perform right of set-off
3) net worth formula:
Capital + reserve - accumulated loss and depreciation like option
4) once a bearer always a bearer meaning
5) bank display on their website list of unclaimed deposit account:
Name and account no
Name and address
Name, address and account no
6) not a feature of social media marketing
Sharing experience
Giving opinion
Passive participation
Exchange of information
7) if 5L to 25 L loan then processing time
8) Active listening
9) quality of good listener
10) find odd one mobile banking services modes
IVR / SMS/ USSD/ STK Like
11) find odd one, features of holder in due course

12) find odd one, good delivery of services
Speed/ concern / accuracy  like that
13) wrongly issue credit card and charge 100. What BO will fine
100 + double the amount charged

Saturday, 26 October 2019

JULY 2019 iibf exams recollected


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
·          
·          
·          
·         Usance Period
·          
·         sanction of fresh/enhanced export credit limits should be made within 45
·          
·         Limit for export under OPGSP
·          
·         Schedule III of FEMA
·          
·         Remittance exceeding USD10Mio per project consultancy service in respect of Infra Projects
·          
·         commission to an agents abroad for sale of residential flats-USD25000 or 5% of inward remittance
·          
·         reimbursement of pre-incorporation expenses
·          
·         Donation - 1% or USD 5Mio
·          
·         Pan mandatory for all LRS remittance
·          
·         LRS reporting - Daily Basis
·          
·         LRS not applicable to HUF,Partnership form, Trust
·          
·         2 new Incoterms incorporated in 2010
·          
·         export realisation period
·          
·         collectin bill
·          
·         rate application from transfer from NRE to FCNR
·          
·         who issue SOFTEX form
·          
·         fedai last meetings
·          
·         advance remittances toward imports of services are permitter without any limit
·          
·         question on accruals in the account should be converted into rupees into rupee on last day of succeeding
·          
·         month
·          
·         who can open SNRR account
·          
·         How much INR can be taken outside Inida
·          
·         Export of gift articles not exceeding 5 lacs
·          
·         NRO account Foreign nationals should not exceed more than 6 months
·          
·         Vostro account is funded through which Form1/2/3/4
·          
·         when we sent MT707
·          
·         Travellers proceedings to which countries not exceeding USD 300 per visit
·          
·         Target of FTP2015-20 export target of $900 billion by 2019-20
·          
·         Article 13 of UCP 600
·          
·         Green clause credit
·          
·         Commercial invoice should be signed and dated
·          
·         10-12 questions on ECB,FDI,ODI
·          
·         3-4 questions on FTP
·          
·          
·          
·          Questions asked from UCP 600, LOC, LRS, FTP 2015- 2020, ECGC, PTA, ECB, etc.
·          
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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
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·          
·          
·          
·          
·         urr 722
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·          
·          
·         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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