WorksheetsBank of India-Trade Finance-D3-S2
Total questions: 20
Worksheet time: 7mins
India's Overall Foreign trade performance as on Nov'22 shows a.............
Trade surplus
Trade deficit
Export and Import level is at par
For any individual or entity to under take foreign trade, the pre-requisite is........
Have both export and Import orders
have export orders only
Possess a valid IEC code issued by DGFT
Validity of the current FTP is extended upto..........
30.12.2022
31.03.2023
30.6.2023
An entity which has recorded an export earnings of FOB value USD 100 Mio is categorised under................
3 star export house
2 star export house
4 star export house
Exporter to realize and repatriate the full value of goods / software / services to India within ........... months from the date of shipment of goods.
12
15
9
An exporter who receives advance payment (with or without interest), from a buyer outside India should ship the goods within.......... from the date of receipt of advance payment.
3 months
12 months
6 months
Merchandise Exporters have to declare their exports to the Customs on the form..........
EDF
SDF
A2
Exporter has to submit the export documents to the Bank within............ days from the date of................
10 days/shipment
21 days/shipment
15 days/shipment
Remittances against imports to be completed not later than ........... months from the date of shipment,
Twelve
Three
Six
All imports under Deffered payment arrangement beyond a period of six months from date of shipment up to a period of less than five years are treated as ............. for which ............. guidelines are applicable
Trade credit/ECB
Normal import credit/RBI
Long term credit/Bank's internal
A Letter of credit is ........................... given by issuing Bank to the Beneficiary
Guarntee
Undertaking
understanding
Acronym UCPDC stands for ..................
Uniform credits and procedures for Documentary credits
Unique customs and process for Documentary credits
Uniform customs and Practice for Documentary credits
Banks extend credit to the exporter at the pre-shipment stage to the extend of............... value of export bill
FOB
CFR
CIF
Normally Banks extend ............... percent of the export bill at the post-shipment stage.
50%
70%
100%
Interest on Post-shipment finance is collected at............
on the date of reversal of the credit entry in Nostro account
the time of purchase/discount/negotiation-upfronty
on realisation of proceeds into Nostro account
Minimum Average maturity period for ECB loans is.........
1 year
5 years
3 years
SOFR (Secured Overnight Financing Rate) is the ARR applicable for FC loans denominated in.................
JPY
EURO
USD
Acronym SONIA stands for..............rate.
Sterling Overnight Inter-bank Average
Structured overnight Independent Average
Strong Overnight Interdependent Average
Maximum Quantum of borrowing under ECB automatic route is currently fixed at........
USD 1 Mio
USD 1.5 Bio
USD 750 Mio
Maximum amount per transaction permitted as Trade Credit is.......
USD 150 Mio
USD 100 Mio
USD 50 Mio
