Jiaib legal recollected questions on 20.05.2019

Legal  recollected questions on 20 may 2019

1. 4-5 questions from mortgage
2. 2-3 questions from SARFAESI ACT 2002
3. Minimum qualifications to be a presiding officer of DRT
4. QUESTION ON FORGED CHEQUE.
5. NI ACT 131
6. MINIMUM AND MAXIMUM DIRECTOR IN A PUBLIC LTD COMPANY
7. WHICH LC ARE ANTICIPATORY LC
8. 2 QUESTIONS FROM BILL
9. REGISTRATION AUTHORITY OF RECONSTRUCTION COMPANY.
FEW MORE QUESTIONS FROM RECONSTRUCTION COMPANY
10. 2-3 QUESTIONS FROM LOK ADALAT

Jaiib legal Recollected questions posted by our members


2 2 marks questions in law of limitations
Indemnity 2 questions
Defn of it act
Consumer protection 2 q
Usufructuary 2 q
Simple mortgage 1 q
Pledge 3 questions
Drt / ombudsman/ consumer appointment

Maximum questions were from Module B and C , d
SARFAESI 5 QUESTIONS
Mortgage 5 Questions
Case laws relating to collection of paying and collecting bank
DRT 3 questions
Letter of credit 3 questions
Bank guarantee 4 questions
Partnership 4 questions
Audit reports 3 questions
Banking ombudsman 2 questions
Appointment of Director/additional director 2 questions
Presiding officer 2 questions

Questions asked today in Legal 11:15 am slot
Mortgage related 5 questions
Primary liability to pay in lc
chairman of nat . cons
Min amount to apply in drt
min qaulification to be presiding officer
Question related stale cheque ..can be paid on request of payee or not..
Alteration authenticated by ac holders wife ..can be paid or not.
Income tax notice to assessee under which sec of it act
Which income not defined under income in it act.pension, salary, capital gain,income from house rent
Who is chairman of natioal consumer comision
Drt applicated to-bank comp SBI rrb or all
Supply bill is related to?
Bill supported by document is called
Bill payable after certain period called
Financial statements must by signed and authorised by whom?
Assstment year for corporate entities
Presiding officer holds office till
Information can be sought by whom under RTI act
Max period of registration of charge with or without fine
Minor can be a member in Pvt Ltd public Ltd company?
One question related endorsement
Penalty under fema act.fine arrest or both
Min and max fine for delay in providing information
Max dura to provide information
Cond for being a drat chairman
Charge on laon against FD receipt.the customer in this case is
Pledge
Mortgage
Bra 1949 mainly deals with
Max period of limitation in case of bill of exchange and bond without due date
Questions on limitation act ..it's importance to banks
Questions on charge
Role of opening bank in lc
Regarding laon of limited company who will sign laon paper
Regarding loans to partnership firm
One resolution for how many directors
Banking use excess from reseres and surplus needs permission within??
Balance sheet should be signed by??
Vice chairman of board on fin supervision is elected by?
Minor to decide whether to be a partner within ???
Consequences of unreg partnership firm
All partner can check book of the firm
Liability in indemnity?
Arbitration is applicable in ??
Decision passed by ombudsman is called
Fraud cash withdrawal -ombd can deal or not?
Mortgage is defined in?
Charge on insurance is defined in?
Actionable claim??
Anyone require 15000 dollar for education purpose this is capital trans , cur trans?? acrd to fema
Relation in deposit of articles
Liability of gaurantor?
Which is considered good as security
-fdr receipt Debentures shares...
Object clause of moa
Art of asso related
Partner become insolvent bank should??
Partnership firm may be dissolved by
Director of bank can do his personal work along with his post ? allowed or not
In case of conversion.. protection will be given to
Sec 131 ni act
Which type of comp cant be raised with ombudsman
Peculinary amount in case of drt.
Equitable mortgage
Rights of seller
Right of indemnity holder when sued

Bus itna hi yaad hai ..
Hope it will be helpful for others..

Yesterday AFB exam recollected questions 17.11.2019

AFB - Recollected questions posted by our members 17.11.2019
1.who can open a current account
2.concept of conservatism
3.straight line method book value problem
4.kyc low risk medium and high risk
5.Gold loan ltv ratio
6.npv problems
7.a indian bank branch in foreign country quotes fe in 1US$=1rupee.
Whether it is a direct quote or indirect quote.
8.collection period denominator
9.collection period problem
10.matching concept
11.calculate capital.assets and liabilities given
12.adjustment entry
13.purchases account
14.coupon rate
15.bank reconciliation statement is prepared by whom a.auditor b.bank etc..
16.revenue receipt
17.promissory note is prepared by whom
18.publication of balance sheet
19.which is not a accounting ratio
Solvency,profitability, activity,etc
20.stock turnover ratio
21.types of company on ownership
22.journal
23.double entry system
24.functions of back office
25.operational manual is available in which of the following
Social media,banks website,internal portal
26.banking is defined as per which act
BRA,Rbi act..
27.small accounts.aggregate credits in a year
28.example of a debit voucher
29.example of credit voucher
30.inoperative account

Jaiib AFB recollected

nd NPV
maximim 10 numericals 5 of 2 marks
2 marks numerical from ratio analysis
Depricition digit sum method numeric al
Acid test ratio=........... quick ratio
person who makes Promissory not e called - debtor (buyer)
gross profit, NPV numerical
related to cbs
according stan dards
capital or revenue ex penditure
earning per share theory quest ion
Dept turn over ratio problem
Bill receivable comes under a sset or liability
Under bills of exchange, which ac Dr.
Under bills of exchange, which ac Dr.
Sales and cost of goods sold gross pro fit
Foreign exchange and cross currency cal c
cross currency u have to add premiums an d sub discount
Composite voucher
Composition, redee mable, share preferential shares

1. Who prepared Bank Reconciliation Statement?
2. Who will bear the expenses charge creation?
3.cost of mationary is RS 12 lacs, scrap value is 0; useful life is 10 yrs; then find out the
book value for the 4th year.
4. P =10000; A= 11200; r=6℅ p.a then find out time?
5. Classification of ratios?
6. Credits = assets - ?
7. P= 10000 r= 8.5℅ pa compounded quarterly; T=4 yrs then find out A=?
8. Find out current yield on bond is RS 5000/- r = 12℅ pa and market value = 4500
9. Sweat equity shares will be given to ?
Document mgnrega card on identification on a/c opening.
Back office to be establised in ......
No of digits in Adhar, min no of persons in public ltd company
adhar card..bond value..irr.npv..com interest..cash book and passbook od..nominal act
real act ..expendture
balance sheet was given and profit was asked , how deaf is calculated, ytm npv,
bcsbi..kyc year..housing loan ...slm..and wdv method .interest differential..eroor
clerical...net profit ratio.5 qus on trial bal...
virus 1)affect hardware 2) is software 3) like virus of human 4) can not affect data - 2
Present value of bond
Which r 2 types of trial balance
Writing from journal to ledger is called?
2-3 qustns from foreign exchange arithmetic
Calculate amount given to petty cashier using imprest method
Current ratio based questions
Quick ratio is another name of -------?
Depreciation problems using wdv
Straight line method and sum of digits method

……………………………………………………………………

1) bond theorem -2 question
2) bond sum
3) quick ratio 2sum
4) current ratio 1 sum
5) depreciation 4 sum
6) NPV
7) Pay back method
8) ARR method _1
9) Capital budgeting 1
10) Compound interest 2 sum
11) Bond ARR value
12) Concept of covertism
13) Concept of consistency
14) Full disclosure
15) Accounting method -3
16) Cost method
17) Material method
18) Matching method
19) Small savings bank account - who all can open , look
20) EMI
21) Coupon rate
22) Kyc
23) Bcbsi account
24) Trail balance error
25) Company types - how it vil be registered
26) LAN WAN - networking of 27)computreconcilation in which entry is required .... In which rectification entry not require
28) Which error affects two accounts
29) forward point - dollar to euro, euro to rupee 3 questions

Direct simple question on EMI
Twisted but very simple question in depreciation
Ratios some questions
KYC
LAN and WAN
Computer password
Reconsiliation
3 questions from cash book pass book. In this one question is sum others are theoretical
Conversion from euro to one unit of rupee
Direct questions on forward point
2-3 questions currency conversion dollars
Quick and current ratio - 4-5 questions
Emi 5 Lakhs 12% - monthly EMI for 2 years
Deprecation 3-4 questions numerical
The value get double at 9.75% in how many years
Single sided corr - 2-3 questions
RTGS related
Computer security related
Advantage of computerisation
Balance sheet
Prepaid expenses is what ...
Personal account
One more on real account based
Loan processing - 2 questions

DRT

DEBT RECOVERY TRIBUNALS
 DRTs are governed by provisions of the Recovery of Debt Due to Banks and Financial Institutions Act, 1993, also popularly
called as the RDB Act.
 DRTs are located across the country. Some cities have more than one Debt Recovery Tribunal located therein. New Delhi and Mumbai
have three benches in Debt Recovery Tribunal. Chennai and Kolkata have two benches Debt Recovery Tribunal each. One Debt
Recovery Tribunal each has been constituted at Ahmedabad, Allahabad, Aurangabad, Bangalore, Chandigarh, Coimbatore, Cuttack,
Ernakulam, Guwahati, Hyderabad, Jabalpur, Jaipur, Lucknow, Nagpur, Patna, Pune, Ranchi and Vishakapatnam.
 Each Debt Recovery Tribunal is presided over by a Presiding Officer. The Presiding Officer is generally a judge of the rank of
Dist. & Sessions Judge.
 A Presiding Officer of a Debt Recovery Tribunal is assisted by a number of officers of other ranks, but none of them need necessarily
have a judicial back ground. Therefore, the Presiding Officer of a Debt Recovery Tribunal is the sole judicial authority to hear and pass
any judicial order.
 Each Debt Recovery Tribunal has two Recovery Officers. The work amongst the Recovery Officers is allocated by the
Presiding Officer. Though a Recovery Officer need not be a judicial Officer, but the orders passed by a Recovery Officer are
judicial in nature, and are appealable before the Presiding Officer of the Tribunal.
 DRTs are fully empowered to pass comprehensive orders like in Civil Courts. The Tribunal can hear cross suits, counter
claims and allow set offs. However, they cannot hear claims of damages or deficiency of services or breach of contract or
criminal negligence on the part of the lenders.
 DRTs can appoint Receivers, Commissioners, pass ex-parte orders, ad-interim orders, interim orders apart from powers to Review its own
decision and hear appeals against orders passed by the Recovery Officers of the Tribunal.
 Recording of evidence by Debt Recovery Tribunal is some what unique. All evidences are taken by way of an affidavit. Cross examination
is allowed only on request by the defense and that too if the Tribunal feels that such a cross examination is in the interest of justice.
Frivolous cross examination may be denied.
 DRTs are special types of courts for effecting recovery of dues of banks and financial institutions.
 DRTs are established under the Recovery of Debts due to banks and financial institutions Act 1993
 The Act is not applicable to J&K.
 DRT is headed by a Presiding Officer. He is assisted by a Recovery Officer and one Registrar.
 Type of Cases: Cases involving recoverable dues of banks and Fls of Rs 10 lees and above only are filed with DRTs. Such
cases can not be filed in the normal civil courts.
 Once the case is decided in favour of the bank or FI, the DRT issues a Recovery Certificate. Recovery Officer who has powers such
as attachment etc. helps in recovery of dues through execution of the decree passed by DRT.
 Appeal against the order of the Recovery Officer can be made to DRT within 30 days of passing the order.
 Any appeal against the judgement of DRT can be preferred with Debt Recovery Appellate Tribunal. The head of DRAT is called
Chairperson. The appeal is made within 45 days of the date of receipt of the order.
 If borrower wants to appeal, 75% of the judgment amount is required to be deposited which can be waived or reduced
by the Chairperson of the DRAT even to nil.
 Fee: for filing case with DRT- up to Rs 10 lac : Rs 12,000; For each additional Rs 1 lac or part thereof it is
 Rs 1000. Maximum amount of fees is Rs 1,50,000.
 For filing appeal with DRAT- Where the amount of debt is less than Rs 10 lakh- Rs 12,000;
 For debts due between Rs 10 lakh to less than Rs 30 lakh- Rs 20,000;
 For debts of Rs 30 lakh and more — Rs 30,000
 For being appointed as DRT, a person should qualify to be District Judge and for being appointed as DRAT, the person
should qualify to be a Judge of the High Court.

AFB single entry system

ACCOUNTING FROM INCOMPLETE RECORDS (SINGLE ENTRY SYSTEM)

‘Single Entry System’ may be defined as any system which is not exactly the double entry system. In other words, Single entry system may consist of:
(i)  Double entry in respect of certain transactions such as cash received from debtors, cash paid to creditors, etc.
(ii)  Single entry in respect of certain transactions such as cash purchases, cash sales, expenses made, fixed assets purchased, etc.
(iii)  No entry in respect of certain such as depreciation, bad debts,etc.
Thus, a business is said to be using single entry system if it is not following completely the principles of double entry system of bookkeeping. Kohler defines the single entry system as, ‘A system of book- keeping in which, as a rule, only records of cash and of personal accounts are maintained, it is always incomplete double entry, varying with the circumstances.’

SALIENT FEATURES

The salient features of the single entry system are as follows:

(i) Maintenance of personal accounts
Usually under this system personal accounts are maintained while real and nominal accounts are avoided. On account of this reason some accountants define it as a system where only personal accounts are maintained.

(ii) Maintenance of cash book
A cash book is maintained, which usually mixes up both the personal transactions and the business transactions.

(iii) Dependence on original vouchers
In order to collect the necessary information one has to depend on original vouchers. For example, the figure of credit purchases may not be readily available; it may have to be found out on the basis of the original invoices received from the suppliers. Similarly, the total figure of sales at the end of a particular period may have to be found out on the basis of the invoices which have been issued by the business from time to time.

(iv) No uniformity
The system may differ from firm to firm as per their individual requirements and conveniences.

(v) Suitability
The system is suitable in case of small proprietary or partnership concerns. Limited companies cannot adopt this system on account of legal requirements.

LIMITATIONS

The system suffers from the following limitations:

(i) Arithmetical accuracy cannot be checked
In case of double entry system of bookkeeping, Trial balance is prepared to check the arithmetical accuracy of the books of accounts. This is possible because every transaction is recorded at two places. In case of the single entry system, this is not done. Hence, trial balance cannot be prepared and the arithmetical accuracy of the books of accounts cannot be checked. This increases the possibility of more frauds and misappropriations, as compared to the double entry system of bookkeeping.

(ii) True profits cannot be known
In the absence of complete information for sales, purchases and other expenses, it is not possible to draw the profit and loss account. Hence, the true profit or loss, made or suffered by   the business, cannot be known.

(iii) Financial position of the business cannot be judged
In the absence of a true figure of profit and correct information about the assets and liabilities of the business, the balance sheet cannot be drawn up to give a correct picture of the financial position of the business on a particular date.

(iv)  Makes planning and decision-making difficult
The system does not provide accurate figures about the performance of the business and its financial position. For example, separate figures of gross profit, net profit and sales are not available. Thus, the ratio of gross profit to sales or net profit to sales cannot be found out. Similarly in the absence of any information about the cost of goods sold, the proportion of different elements of cost of sales cannot be found out. In the absence of such information, it becomes difficult for the proprietor of the business to know the reasons of his improving or deteriorating profitability and financial position. Thus, he is not in a position to compare, plan and take sound decision for the prosperity of the business. Moreover, it may be difficult for him to find the real value of his business in the event of his deciding to sell the business.

COMPUTATION OF PROFITS UNDER SINGLE ENTRY SYSTEM

The profit or loss in case of business maintaining accounts according to single entry system can be computed by two methods:
(i)  Net Worth method, and
(ii)  Conversion method.

Net Worth Method
According to this method, the profit or loss made by the business is computed by comparing the net worth (or capital) of the business on two different dates.

Following adjustments are required for determination of the profit in case of this method:

(i)  Adjustment for drawings: The proprietor may withdraw money from the business for his personal use. In the absence of any such withdrawal, the capital at the end of accounting period would have been more by the amount of money withdrawn by him. Thus, the amount of drawings should be added back to the capital at the end of the accounting period to find out his true profit for that period.
Adjustment for capital introduced: The proprietor may introduce further capital in the business during the course of the accounting year. This will increase the capital of the proprietor at the end of the accounting year. It is, therefore, necessary to reduce the amount of capital, by the amount of capital introduced by the proprietor during the year, in order to ascertain the profit earned by him during the course of the accounting year.


Conversion Method
The Net Worth method, explained above, does not provide a clear picture of the operational results of a business. It does not give information about sales, purchases, gross profit, operating expenses, etc. of the business. As a result, neither a meaningful analysis of the financial statements can be done nor can effective steps be taken to improve the financial position of the business. It will, therefore, be better to collect all such information from the books of accounts, and other sources, which is necessary for preparing a ‘Trial Balance’ of the business. This is done by preparing a total debtors account, a total creditor’s account, a bills receivable account and a bills payable account and receipts and payments accounts etc. on the basis of double entry. Accounts relating to different expenses, incomes, fixed assets and fixed liabilities, and outstanding, are also prepared with the help of receipts and payments accounts and additional information available. Thus, the closing balances of different accounts are found out and a trial balance prepared. Final accounts can then be prepared in the usual way. Such a method of collecting information as per the requirements of the double entry system of bookkeeping is termed as the ‘Conversion Method’.
In practice, usually, an abridged conversion method is followed. Under this method, nominal   accounts are not opened in the ledger, nor is a trial balance prepared. Only such information is collected which is required for preparing the trading and profit and loss account, and balance sheet of the business.


PREPARATION OF STATEMENT OF AFFAIRS UNDER SINGLE ENTRY SYSTEM
Statement of affairs is a statement giving the assets and liabilities of the business on a particular date. It is virtually the Balance Sheet of the business. However, the term Balance Sheet is used for the statement of assets and liabilities in the double entry system of bookkeeping where balances are taken from the ledger. In case of single entry system, all the assets and liabilities, which appear in the statement of affairs, are not necessarily taken from the ledger accounts, on account of incomplete recording of the transactions. Moreover, the term Balance Sheet is used for statement which shows the correct financial position of the business. In case of the single entry system, it may not be possible to prepare a statement which shows the correct financial position of the business, since the information from different sources, which may include not only the books of accounts, but other sources, which may not be hundred per cent reliable. For example, estimate about drawings may have to be made on the basis of the estimated living expenses of the proprietor of the business and also other estimated payments which might have been paid on his behalf.

Steps for preparing Statement of Affairs
The following steps may be taken for preparing the statement of affairs:

 (i)  In most cases in single entry system, a cash book is maintained. In case, this has been done, the cash and the bank balances can be taken from the cash book. In the absence of a proper cash book, cash balance may have to be found out by preparing a receipts and payments account on the basis of information, collected from the proprietor of the business, and the statement of accounts, which might have been received or sent by the proprietor from/to his debtors and creditors. Information regarding other business expenses can be collected from the salaries register of his employees, petty cash book, if any, maintained by him, etc. and the actual cash balance available with the business. The balance at the bank can be verified from the bank pass book or statement of account from the bank.

(ii)  A list of sundry debtors and creditors should be prepared. This may not be difficult because in most cases, a record of personal accounts is maintained under the single entry system.

(iii)  The value of the fixed assets like building, plant, furniture, etc. should be ascertained from vouchers or other documents available with the business. A reasonable charge for depreciation should also be made and the assets should be shown in the statement of affairs after charging depreciation.

(iv)  A physical verification of the stock should be taken and the value of the stock should be ascertained on the basis of the different invoices received from suppliers from time to time, in respect of the goods purchased.

(v)  The amount of outstanding expenses and the accrued income should also be determined. Last year’s figures about these items may be of considerable help in this respect.
(vi) The excess of assets over liabilities should be found out and this will denote the net worth or the capital of  the business on the date on which the Statement of Affairs has been prepared.

Jaiib AFB recollected

nd NPV
maximim 10 numericals 5 of 2 marks
2 marks numerical from ratio analysis
Depricition digit sum method numeric al
Acid test ratio=........... quick ratio
person who makes Promissory not e called - debtor (buyer)
gross profit, NPV numerical
related to cbs
according stan dards
capital or revenue ex penditure
earning per share theory quest ion
Dept turn over ratio problem
Bill receivable comes under a sset or liability
Under bills of exchange, which ac Dr.
Under bills of exchange, which ac Dr.
Sales and cost of goods sold gross pro fit
Foreign exchange and cross currency cal c
cross currency u have to add premiums an d sub discount
Composite voucher
Composition, redee mable, share preferential shares

1. Who prepared Bank Reconciliation Statement?
2. Who will bear the expenses charge creation?
3.cost of mationary is RS 12 lacs, scrap value is 0; useful life is 10 yrs; then find out the
book value for the 4th year.
4. P =10000; A= 11200; r=6℅ p.a then find out time?
5. Classification of ratios?
6. Credits = assets - ?
7. P= 10000 r= 8.5℅ pa compounded quarterly; T=4 yrs then find out A=?
8. Find out current yield on bond is RS 5000/- r = 12℅ pa and market value = 4500
9. Sweat equity shares will be given to ?
Document mgnrega card on identification on a/c opening.
Back office to be establised in ......
No of digits in Adhar, min no of persons in public ltd company
adhar card..bond value..irr.npv..com interest..cash book and passbook od..nominal act
real act ..expendture
balance sheet was given and profit was asked , how deaf is calculated, ytm npv,
bcsbi..kyc year..housing loan ...slm..and wdv method .interest differential..eroor
clerical...net profit ratio.5 qus on trial bal...
virus 1)affect hardware 2) is software 3) like virus of human 4) can not affect data - 2
Present value of bond
Which r 2 types of trial balance
Writing from journal to ledger is called?
2-3 qustns from foreign exchange arithmetic
Calculate amount given to petty cashier using imprest method
Current ratio based questions
Quick ratio is another name of -------?
Depreciation problems using wdv
Straight line method and sum of digits method

……………………………………………………………………

1) bond theorem -2 question
2) bond sum
3) quick ratio 2sum
4) current ratio 1 sum
5) depreciation 4 sum
6) NPV
7) Pay back method
8) ARR method _1
9) Capital budgeting 1
10) Compound interest 2 sum
11) Bond ARR value
12) Concept of covertism
13) Concept of consistency
14) Full disclosure
15) Accounting method -3
16) Cost method
17) Material method
18) Matching method
19) Small savings bank account - who all can open , look
20) EMI
21) Coupon rate
22) Kyc
23) Bcbsi account
24) Trail balance error
25) Company types - how it vil be registered
26) LAN WAN - networking of 27)computreconcilation in which entry is required .... In which rectification entry not require
28) Which error affects two accounts
29) forward point - dollar to euro, euro to rupee 3 questions

Direct simple question on EMI
Twisted but very simple question in depreciation
Ratios some questions
KYC
LAN and WAN
Computer password
Reconsiliation
3 questions from cash book pass book. In this one question is sum others are theoretical
Conversion from euro to one unit of rupee
Direct questions on forward point
2-3 questions currency conversion dollars
Quick and current ratio - 4-5 questions
Emi 5 Lakhs 12% - monthly EMI for 2 years
Deprecation 3-4 questions numerical
The value get double at 9.75% in how many years
Single sided corr - 2-3 questions
RTGS related
Computer security related
Advantage of computerisation
Balance sheet
Prepaid expenses is what ...
Personal account
One more on real account based
Loan processing - 2 questions

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

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)

🔷 Founded - 1 April 1935
🔷HQ - Mumbai
🔷 Governor - Shaktikanta Das

❤️ Securities And Exchange Board Of India (SEBI)

🔷 Founded - 1988
🔷 HQ - Mumbai
🔷 Chairman - Ajay Tyagi

❤️ Insurance Regulatory And Development Authority (IRDAI)

🔷 Founded - 1999
🔷 HQ - Hyderabad
🔷 Chairman – Subhash Chandra Khuntia

❤️ Small Industries Development Bank of India (SIDBI)

🔷 Founded - 1990
🔷 HQ - Lucknow
🔷 Chairman – Mohammad Mustafa

❤️ Telecom Regulatory Authority of India (TRAI)

🔷 Founded - 1997
🔷 HQ - New Delhi
🔷 Chairman – Ram Sewak Sharma

❤️ Food Safety and Standards Authority of India (FSSAI)

🔷 Founded - 2011
🔷 HQ - New Delhi
🔷 Chairman – Rita Teotia
🔷 CEO - Pawan Kumar Agarwal

❤️ Council of Scientific and Industrial Research ( CSIR )

🔷 Founded - 1942
🔷 HQ - New Delhi
🔷 DG - Shekhar C Mande

❤️ Defense Research and Development Organization ( DRDO )

🔷Founded - 1 Jan 1958
🔷HQ - New Delhi
🔷 DG - G. Sateesh Reddy

❤️ Indian Space Research Organisation (ISRO)

🔷 Founded - 15 Aug 1969
🔷 HQ - Bengaluru
🔷Chairman - K. Sivan

❤️ Federation of Indian Chambers of Commerce and Industry (FICCI)

🔷 Founded - 1927
🔷 HQ - New Delhi
🔷 President - Sandeep somay
🔷 SG - Dilip chenoy

❤️ National Human Rights Commission (NHRC)

🔷Founded - 1993
🔷 HQ - New Delhi
🔷 Chairman - H L Dattu
🔷 SG - Jaideep Govind

❤️ National Security Guard ( NSG )

🔷 Founded - 1984
🔷HQ - New Delhi
🔷DG - Anup Kumar Singh

❤️ Indian Coast Guard (ICG)

🔷 Founded - 1978
🔷 HQ - New Delhi
🔷 DG -  Krishnaswamy Natrajan

❤️ Bhabha Atomic Research Centre (BARC)

🔷 Founded - 1954
🔷 HQ - Mumbai
🔷 Director -Ajit Kumar Mohanty

  

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

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

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.

·          

·          

·          

·         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.

·          

·          

·          

·          

·          

·          

·          

·         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

·          

·         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

·          

·          

·          

·         ~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

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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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·         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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