JAIIB CAIIB BANK PROMOTIONS COURSES

Tag: CAIIB BFM EXCHANGE RATES AND FOREX BUSINESS

  • CAIIB BFM UNIT 2 LIBERALISED REMITTANCE SCHEMEN (LRS) AND OTHER REITTANCE FACILITY

    1. When was the Liberalised Remittance Scheme (LRS) first introduced? A) 1st January 2000 B) 4th February 2004 C) 1st April 2010 D) 15th August 2005 Answer: B 2. Which of the following is eligible to avail of the LRS? A) Corporates B) Partnership Firms C) Resident Individuals (including Minors) D) Hindu Undivided Families (HUFs) […]

  • CAIIB BFM UNIT 1 EXCHANGE RATES AND FOREX BUSINESS

    1. Foreign Exchange is defined as the conversion of: A) Gold to Currency B) Home Currency to Foreign Currency and vice-versa C) Assets to Liabilities D) Stocks to Bonds Answer: B 2. Which section of the FEMA Act (1999) defines Foreign Exchange? A) Section 1 B) Section 2 C) Section 5 D) Section 10 Answer: […]