PPT_RTCCAL_TEST5

In Baroda pride the business unit should be profit making for minimum last -------- years

• 1

• 2

• 3

• 4

In Baroda property pride in case of limit of Rs -------crores , 2nd valuation is required.

• 1 crore

• 2

• 3

• 5

Under LRS (Liberalised Remittance Scheme) AD bank can permit resident individual to remit the fund abroad for any permitted current and capital account transaction or a combination of both up to a limit equivalent to,

• 100000 usd

• 250000 usd

• 200000 usd

• 500000 usd

This type of LC used as substitute for performance guarantee or securing loans,

• Irrevocable LC

• Revocable LC

• Stand by LC

• Red Clause LC.

1. Any LC which permits the advance for storage of goods in a warehouse in addition to pre shipment advance,

• Back to Back LC.

• Green Clause LC

• Red Clause LC

• Stand by LC

In foreign exchange transaction which of the following is basic buying rate

• Bill Buying Rate

• Direct Rate

• FC buy rate

• TT buying Rate

Outward remittances other than for import which are not booked under forward contracts should be carried out at

• Bill buying rate

• TT Buying Rate

• TT Selling Rate

• Bill Selling Rate

Loro account normally refers to

• Our account with you

• Their account with you

• Your Account with us

• None of the above

The exporter should necessarily submit the export documents to the bank, within--- from the date of shipment

• 10

• 15

• 21

• 30

Full form of FAS Incoterm is Free Along Side Ship

• True

• False