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Recollected - Jul 2017
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1. Authorised person deals with only purchase of currency. Ans.-Category-III
2.Functions not related to Mid-office
i. Risk management
ii.ALM
III.Transfer pricing
iv.processing deals*
3.Which of the following doesn't need account relationship in forex.
i.Clearing
ii.overdrafts and loan
iii.Letter of credit*
iv.Collections
4.Interest rate on FCNR deposit of 1 to 3 yrs.
I.LIBOR/SWAPS plus 200bps
ii.LIBOR/SWAPS plus 250bps
iii.LIBOR/SWAPS plus 300bps
iv.LIBOR/SWAPS plus 350bps
5.If an exporter doesn't submitted bill of entry for import he made,that must be reported to regulator in BEF statement.
6.supplier's credit are availed to..............bank of .............(exporter/importer).
7.LC related questions like date of document,notice of dishonor if 5th day falling on sunday,amount as specified in LC is 10 and delivery is 10.3 then should it be rejected?(tolerance of 10%).
8.Realisation of export bills should generally be in ........ months from date of ..........?
9.LC related questionse like date of document,notice of dishonor if 5th day falling on sunday,amount as specified in LC is 10 and delivery is 10.3 then should it be rejected?(tolerance of 10%).
10.Realisation of export bills usually in ........months period from the date of...........?
11.Effective date of realization of export bill in case of rupee bills. - Date of debit in vostro account.
12. Maximum time for remittance of an import?
13. Crystalisation of export bill if NTP expiring on 01/07/2017? options were given,two of them were 30/07/2017 and 31/07/2017.
14.which is not a case of factoring:
i.financing upto 75-80% of invoice.
ii.credit control/credit protection.
iii.fixed rate financing*.
15.ECB can be availed under two route,one is approved,the other one is..........-automatic*
16.which of follwing is correct?
i.ADR represents shares of a US company.
ii.GDR is dollar denominated.
iii.Foreign currency convertible bonds can not be convertible in part.
17. The trading book does not include: market risk,credit risk,operational risk, none of these?
18.Call risk arises due to:
I. NPA
ii.crystallisation of non-fund based liabilities.
19.Sequence market risk management
Risk identification--->risk measurement--->risk monitoring and control--->risk mitigation.
20.Duty of ALCO in risk management?
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