Tuesday, 19 January 2021

Digital banking Re-collected questions on 01.01.2021


14 Jan 2021iDgital banking recollected questions on 01.11.2020"


12 Jan 2021

1.NPCI NETC - FASTAG 2.NG RTGS 3.Weak AI - in which platform 4. ISO/IEC 7813 5. Virtualisation (ATM Cards) 6.Salami Slicing 7.UPI Vs IMPS 8.Crypto Miner 9.NEFT and RTGS codes N04,N06 10.*99# NUUP - 3 questions 11.CRM 12.Prepaid Card Max Limit by Banks 13.POS technology 14.PPC Full Form 15.Cash Recycler Machines - 2Marks 16.Closed Loop Cards Networks - Example 17.VISA & MasterCard importance in Credit Cards 18.Customer Data Flow consists 19.ChatBot - 2marks 20.First Distributed Block chain implemented by 21. Analytical tools do among others elasticity 22. Ripple Crypto currency 23. Forex Transactions settled by in India 24. In Block Chain Blocks are linked by 25. Bitcoin is based on which block chain 26. Maximum Cash withdrawal from POS In TierIII Centres 27. Type of Clouds in Block Chain 28. Description Key is Called & Encryption Key 29. CIA - Confidentiality integrity and Availablity should be observed 30. POS - PCI DSS compliant in POS 31. Blockchain Cryptographic Algorithm SHA (256,224,512) 32. Different User or Systems attacker 33. Terms associated with CTS 34. CTS functionality 2 Marks 35. Types of Virus like Torjen,Warm etc., 36. father of Block Chain 37. Father of Artificial intelligence 38. Financial Risk in BC Point 39. Hyperlegder Variations 40.Spoofing /Squatting


Rural banking operations recollected questions Dec 2021

 Rural banking operations recollected questions

RRB amendment act 2018- 3Q

No of directors selected by shareholder in RRB

Min stake of center and state government

General lien

Warehouse planning by whom- 2Q

Meeting for scale of finance organise by whom

Loan % to SC/ST under DRI

farmers double income upto 2022 plan by whom

Adv of SHG credit linkage program

Lok Adalat-2Q

Ultra small branch-1

Non judicial stamps -2

Increase profitability

RRB perform the business of banking under which Act

Net operating profit- very complicated formulas in option

Loan to commission agent against ______

Return on assets

Farmers Club- 5/7Q

Photo voltic pump- 5Q

Sunday, 17 January 2021

Filing Form 10E for income tax relief of salary arears

 How to File Form 10E for Tax Relief on Salary Arrears?


 Filing Form 10E

As a salaried individual, if you receive any advance salary or arrears, you may have to pay taxes on the total amount received. The Income Tax Department, however, protects you from any additional tax liability due to any delay in receiving income under Section 89(1). In other words, if you receive any portion of your salary in the form of arrears, you can claim tax saving under Section 89(1) on the same via Form 10E filing.


Under Section 89(1), you can avail of tax relief through recalculation of tax for both years (in which the arrears are received and the arrears pertain). The tax liability is adjusted after assuming that the arrears were received in the same year they were due.


What is Tax Relief under Section 89(1)?


As a taxpayer, the following types of arrears received are taxable in the same year they are received –


Salary Arrears

Advance salary

Family pension arrears

Commuted pension

Any Compensation received from your employer for termination of employment

Gratuity

You can, however, reduce the additional tax liability due to any delays in receiving such income under Section 89(1).


What is Form 10E?


It is mandatory to fill out Form 10E if you want to claim tax relief under Section 89(1) of the Income Tax Act 1961. Under Section 89(1) of the Act, you are eligible to claim tax relief for delayed salary received in the form of arrears. Any arrears received are reflected in Part B of your Form 16.


Form 10E is required for furnishing particulars of received income under Section 192(2A) and can be filed by a Government servant or any employee working in a company, co-operative society, university, local authority, institution, association, or body.


How to File Form 10E?


The following steps explain the process of filing the Form 10E –


Log into your Income Tax e-filing account

Go to e-File and then Income Tax Forms

Select ‘FORM NO. 10E - Form for relief u/s 89’ under ‘Form Name.’

Select the Assessment Year (or AY) for which you need to file Form 10E (for example, select Assessment Year as 2019-20, if the arrears of salary you have received are for the Financial Year 2018-19 (or Assessment Year 2019-20)

Select the Submission mode and click on ‘Continue.’

Fill out the applicable details and click on the ‘Save Draft’ button

For the Arrears of Salary, please select Annexure-I* and fill out the details as applicable

Click on ‘Preview & Submit’ to review the details and then submit the Form

* Please note that the following Anexxtures are available under the page menu –


Annexure-I: For Arrears or Advance Salary

Annexure-II: For Gratuity (Past services over five years but less than 15 years)

Annexure-IIA: For Gratuity (Past services for 15 years or more)

Annexure-III: For Compensation on Termination of employment

Annexure-IV: For Commutation of Pension

Important Things to Consider While Filing Form 10E


Consider the following aspects while filling out form 10E for claiming tax relief on salary arrears –


You must file Form 10E online on the Income Tax Department website

If you had claimed tax relief in the previous financial year but did not file Form 10E, you would receive a notice from the Income Tax Department for non-compliance

You must file Form 10E online before filing your income tax return

While arrears on salary may pertain to earlier financial years, you must choose the Assessment Year in which you have received the arrears while filling out Form 10E.

You do not need to attach any copy of the Form 10E submitted with your income tax return (keep a copy, however, for your record)

While your employer may ask for the confirmation, once you have submitted Form 10E, however, it is not mandatory to provide this Form to your employer

Tax relief under Section 89(1) is also applicable for family pension received in arrears

There is no tax relief under Section 89(1) for VRS (Voluntary Retirement Scheme) compensation if you have previously claimed tax exemption on the same under Section 10(10C)

The steps mentioned above will help you file and submit Form 10E online to claim tax relief under Section 89(1) of the Income Tax Act 1961. Form 10E must be filed if you wish to reduce your tax liability on the salary payments received as arrears. In case you have any issues, concerns, or doubts related to Section 89(1), Form 10E, or tax filing, you must consult an expert to ensure that you file the income tax return correctly without any hassles.

Tuesday, 12 January 2021

ISB Re-collected questions recently

 ISB Re-collected questions recently



Questions were like

False negative

Dns

Cyat

Punishment for contravention of cca

Adjudicating officer comes under chapter

Drs should establish in non seismic zone

Hot site warm site reciprocal agreement which one is cheapest


Is audit procedures and plannings 

Dba

Which do not support network change -options were repeaters routers gateway 

Multiplexing

Normalisation 

Tcp works on which layer

Access control

Least privilege

Is audit spreadsheet 

Caat

Spoofing

It act 2000 amendments 

Cca is appointed by

Who issue digital certificate 

What type of risk arise when e banking services disrupted-

Legal and reputation risk 

Fourth generation language -



The last unit contains annexures /appendix/ glossary which are very important people tends to ignore while preparing for the subject.

Monday, 11 January 2021

CCP RECALLED QUESTION DATE 10.01.2021 TIMING-3.30PM

 CCP RECALLED QUESTION DATE 10.01.2021 TIMING-3.30PM


Break even point 6 marks-direct question from credit management book page-764

Very tricky case study 5 marks from commercial paper god knows how to solve 

them (I just answered 2)

Payback period 2 mark numerical(which project is better)

NPV, IRR simple calculation 6 marks

DSCR calculation 5 marks level easy

Working capital 3 questions each from Nayak method, MPBF method 1 &2

Debtor turnover creditors turnover 4 marks

Interest coverage ratio 1 mark numerical

Inventory turnover ratio 2 numerical and 1 theory qs(high turnover ratio indicates what)

Fair code practice msme 3 theory questions

LLP characteristic 1 mark 

Msme recent categorization 1 theory qs(micro enterprise eligibility)

Commercial paper 1 theory qs (qs related to lot size)

Shockingly no questions from packing credit, post shipment credit, buyer’s credit, supplier’s credit

Cardinal principle of lending 1 theory qs(Which is not a principle)

Credit policy characteristic and use (2 theory qs)

Pledge characteristics 1 theory qs

2 questions from LC(sight lc and green clause lc)

Consortium and syndication difference 1 qs

Priority sector 1 qs(limit of housing loan in metropolitan city)

Collateral 1 simple theory qs

1 theory qs data needed for calculation of NPV IRR

Cash budget method 1 qs(used for seasonal business)

Dimond dollar account eligibility 1 theory and used for what 1 qs

Kimberley 1 theory qs

Factoring and forfeiting 3 questions (basic characteristic of both)

Roc registration time limit 1 mark

1 mark theory from corrective action plan (CAP)

Cersai is under which act 1 mark

SMA 2 classification 1 qs

Early warning of distress account 1 qs

MUDRA full form 

PMJDY OD age limit and income criteria 2 qs

Implementation of resolution plan 2 qs

Function of IBC 1-2 theory qs

Tuesday, 29 December 2020

All IIBF Certifications PDFs in single link 2020-2021

 All IIBF Certification PDFs in single link 2020-2021


Read corresponding  IIBF books .. Macmillan / Taxmann.

These all materials are extra information to get knowledge.

All the best


Face book:

https://www.facebook.com/groups/543054539662893/

Certified credit officer/Professionals 2020

https://drive.google.com/file/d/1lUW00Y-qnVzH9R9QB4ZjGqeShYDATS-e/view?usp=sharing

CAIIB ABM 2020

https://drive.google.com/file/d/10AkzgCtLyYexdKulaYY3B1ljHRJPGuLu/view?usp=sharing


MSME 2020

https://drive.google.com/file/d/1m1qF2hh9D0hpVvFTlNCR2rvpYAiEQTD8/view?usp=sharing


KYC AML:2020

https://drive.google.com/file/d/1T__7x42LV1HaG9YBQuMkAIPvS9GAHeL8/view?usp=sharing


BCSBI:2020

https://drive.google.com/file/d/1lSOKtV5OrThXmCwiB4TGVyOjZVVtjThd/view?usp=sharing


CAIIB IT:2020

https://drive.google.com/file/d/1t7Ein_FE5YMruvDQPOG4Z3Z-TE-Xmp_1/view?usp=sharing


Certified Treasury Professionals:2020
https://drive.google.com/file/d/1lVvYYtYC797vn1DKuSAsCxJhkv3E1JxK/view?usp=sharing


Digital banking 2020
https://drive.google.com/file/d/1lckjesn0gs0kiOZID1aBubb4tiHvbzPE/view?usp=sharing


Forex Individual 2020

https://drive.google.com/file/d/1lf3o8SRqy2_aRJulq9qf2q0krHmFlKok/view?usp=sharing


Forex Operations 2020
https://drive.google.com/file/d/1lnPrVdXPVsc3sve8OwsjE87OEgsxsAVb/view?usp=sharing



Cyber Crime and fraud management 2020

https://drive.google.com/file/d/1m2y5bwuUa1vKkBjx5DjwH17dNf8BP-xu/view?usp=sharing


Information System for Bankers 2020
https://drive.google.com/file/d/1lt0r7cRzJHTmBXsmF9xvEYFzaaxHCxTI/view?usp=sharing


International Trade Finance  2020
https://drive.google.com/file/d/1lxS3FGgdzI5Q-rJFPufnVUSA69TpVjT3/view?usp=sharing


IT SECURITY 2020
https://drive.google.com/file/d/1ly9nfxTpucTPKB6kuV-mIod4pTc97ceg/view?usp=sharing


Micro finance 2020

https://drive.google.com/file/d/1lzMSuWctOJUrKnNP_FfRlQL9ngs1U6aS/view?usp=sharing

Risk In financial services 2020
https://drive.google.com/file/d/1m7eITlMDdKTnc1FU1sSIKJtP8IcrZrG1/view?usp=sharing


Certified Audit  Professionals:
https://drive.google.com/file/d/1m8aQcdD4qr7R4QzUEgiN1Paw_rWhKWsm/view?usp=sharing

https://drive.google.com/file/d/1zoloZKNR2-UsBGIf0gw1ErhD0F2Y9mHW/view?usp=sharing
















Micro finance 70 recollected questions

  Micro finance 70 recollected questions


Q1.C.rungrajan committee on microfinance
Q2. Breath length and depth meaning.
Q3. Difference between poverty lending approach and financial system approach.
Q4. Microfinance focus on poorest of the poor.
Q5. Nabard and it's role.
Q6. Nationalization of banks and it's purpose.
Q7.IRDP programm substitute the SJGSY program.
Q8.what is facilitater and it's role.
Q9.what is GRT group recognition test and it's purpose.
Q10.one question on Money lenders.
Q11.break even analysis and CPV analysis 3 questions.
Q12.what is microcredit.
Q13.what is microfinance.
Q14. What is sustainability.
Q15 what is BRI bank Ryat Indonesia.
Q16 .what is unit diseas.
Q17.chikola group of Kenya is example of which model.
Q18.Difference between SHG and JLG model
Q19 detailed question on grameen bank model.
 Q20. What is SHG bank linkage model...
Q22. Assumptions of grameen bank model of Bangladesh.
 Q23.diffrence between direct cost indirectcost setupcost and cost of fund.
Q24 .capital=assets-liability.
Q25.for NBFC model minimum networth requires rs.5 crore.
Q26.malegam committee and its recommendation.
Q27.qualifying assets and its significance
Q28.what is most accepted and widely usedmodel of microfinance in india.
 Q29.what is ghostborrower or multiple lending.
Q30.details of BC model.
Q31.what is reckless lending.
Q32. Details of SHG2 model part2.
 Q33. What is refinancing.
Q34. National rural livelihood mission.
 Q35 .Swarn jayanti gramin Swarojgar yojna
Q 36.what is mutual fund.
 Q37. What is merchant banking.
Q38.details of Revolving Fund.
 Q39. Financial inclusion definition and scope.
Q40. What is kyc and it's purpose
Q41 .Illiterate person can open which type of exam.
Q42 .Difference between impact accessment and social performance.
Q43.what is social rating
Q44. What is minimalist and integrated approach.
Q45.what is micro Insurance.
 Q46. Role of SEBI.
 Q47.role of IRDA.
 Q48. What is cash flow statement
.Q49. What is flat rate of interest.
 Q50. What is travel expanses.
 Q51.what is operating expense Ratio.
 Q52. What is asset depricitation.
 Q53 what is accounting stanard 2
. Q54. What is average case load.
Q55. What is Target group.
Q56. What is PAR.
Q57. What is market risk.
Q58. What is bank rate.
Q59.what is reprising risk.
 Q60. What is riskmanagement loop
Q61 what is schedule and nonshedule bank.
Q62. What is human risk.
 Q63.what is operational risk.
Q64.what is merchant banker.
 Q65. What is trading in stock exchange.
 Q66.two questions on mutual fund.
Q67.three question on Break Even Analysis.
Q68. What is regulatory risk.
 Q 69.what is Repayment rate.
 Q70.trust and Trust feed and what NBFC banking Model and what is business Correspondent model (BC Model)...... these All are 70 Recollected Questions of microfinance held on 15 july 2018. best of luck to All 

iibf JULY 2019 EXAMS Recollected

 IIBF  JULY 2019  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
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·          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
·          
·          
·          
·          
·          
·         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
·          
·          
·          
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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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