3rd FED Quiz

3rd FED Quiz

Professional Development

20 Qs

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3rd FED Quiz

3rd FED Quiz

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

charan patcha

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How long should the bank account be maintained prior to remittances for capital account transactions?

2 years
6 months
1 year
1 month

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What transactions are included under the LRS?

Going abroad on employment
Private visit
All of the above
Gift/donation

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the minimum maturity of a loan given to an NRI/PIO relative under the LRS?

6 months
1 year
2 years
5 years

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the maximum limit under the Liberalised Remittance Scheme (LRS) for resident individuals?

USD 50,000
USD 2,50,000
USD 25,000
USD 1,00,000

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the compulsory document required to make any remittance under the LRS?

Aadhaar Card
Passport
Voter ID Card
Permanent Account Number (PAN)

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Where can you find the latest list of non-cooperative countries notified by FATF?

www.fatf-gafi.net
www.fatf-gafi.com
www.fatf-gafi.gov
www.fatf-gafi.org

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the time period within which the received/realised/unspent/unused foreign exchange should be repatriated and surrendered?

90 days
1 year
120 days
180 days

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