Chapter VI. EU-China Energy Cooperation: An Institutional Analysis
1. Energy in EU-China Relations
97. Presently rate of interest on pre-shipment credit in forex (PCFC) up to 180 days is not exceeding:
(a) 200 basis points above LIBOR (b) 100 basis points above LIBOR
(c) 150 basis points above LIBOR (d) 50 points above LIBOR (e) 350 basis points below LIBOR 98. As per current guidelines of RBI, for loans sanctioned up to 30.6.2010, rate of interest on pre-shipment credit in rupees up to 270 days should not exceed :
(a) Bank Rate plus 2.5% (b) BPLR plus 1.5% (c) BPLR minus 2.5%
(d) Bank Rate minus 2.5% (e) lower of (a) and (b)
99. As per the exchange control regulations, the payment for exports should in general be realized within a period of:
(a) 12 months from date of shipment (b) 360 days from date of packing of goods (c) 180 days from the date of shipment (d) 270 days from date of shipment
(e) 180 days from the date of receipt of consignment by the buyer in foreign country
100. Which of the following is/are not true with regard to features of Gold Card Scheme for exporters:
(a) Only exporters whose accounts have been 'Standard' continuously for 3 years are eligible (b) Gold Card holders will be given preference is granting packing credit in foreign currency (PCFC) (c) Time norm for disposal of fresh applications for credit under the scheme will be 25 days
(d) Gold Card for exporters will be issued for a period of 5 years (e) none of these
101. Minimum and maximum amount up to which the Gold Credit card can be issued to exporter is Rs _____ lac and Rs lac.
(a) 100,1000 (b) 50, 500 (c) 100, 5000
(d) 20,200 (e) None of these as it is based on anticipated turnover.
102. As per the exchange control regulations, the payment for exports should in general be realized within a period of :
(a) 12 months from date of shipment (b) 3 months from date of shipment (c) 6 months from the date of shipment (d) 1 month from date of shipment (e) 45 days form date of shipment
103.Units in a special economic zone are permitted to realise and repatriate to India the full export value of goods or software within a period of... from the date of shipment.
(a) 3 months (b) 6 months (c) 180 days (d) 360 days (e) none of these as there is no time limit 104. In respect of shipments made to Indian owned warehouses abroad established with permission of RBI, export proceeds should be realized within :
(a) 6 months (b)3 months (c) 9 months (d)15 months (e) 150 days
105. RBI monitors overdue export bills-not realized within the stipulated time by calling for a half yearly statement from ADs referred to as : (a) BEF (b)XOS (c) GTE-1 (d) ST-9 (e) ENC 106.Packing credit advances mean :
advances granted to industrial units for packing of manufactured goods for sale in India
advances granted to eligible exporters for purchase/manufacture/processing/transporting/packing etc.
of goods meant for export
(c) advances granted to importers to enable them to store and subsequently sell imported goods locally
(d) any one or more of the above (e) none of the above.
107. To be eligible for packing credit advances the customer :
(a) should not be in the caution list of RBI or specific approval list of ECGC (b) must be holding importer/exporter code number allotted by DGFT
(c) should be recognised export house (d) all above (e) both (a) and (b) 108. Packing credit advances is normally allowed for :
(a) 90 days (b) 60 days (c) 360 days (d) 180 days (e) as per requirement of the exporter 109. `Normal Transit Period ' in the context of export finance means:
(a) the number of days the documents take to reach destination
(b) the gap between period taken by the ship and the documents to reach destination (c) the number of days taken by a ship to complete a voyage
(d) the number of days fixed by FEDAI and is the average period normally involved from date of negotiation to credit to NOSTRO account.
(e) either (a)or (b)
110. For facilities granted up to 30.6.2010, rate of interest on post shipment credit in rupees upto 180 days in respect of usance bills is :
(a) 12% (b) 15% (c) not exceeding BPLR
(d) not exceeding BPLR minus 2.5% (e) not exceeding BPLR plus 1.5%
111. Refinance for export credit from RBI is available for how many days?
(a) 90 days . (b) 180 days (c) 360 days (d) 270 days- (e) None of these 112. Refinance against eligible export finance is available from :
(a) RBI (b) IDBI (c) ECGC (d) Exim Bank (e) None of these
113. On PCFC refinance is available to the extent of % of outstanding PCFC.
(a) 15% (b) 50% (c) 25% (d) Nil (e) None of these
114. For facilities granted up to 30.6.2010Concessional interest rate on Post shipment credit in rupees is permitted up to:
(a) 180 days (b) 90 days (c) 270 days (d) 360 days (e) None of these REMITTANCES
115. Which of the following is not correct regarding Liberalised Remittance Scheme?
(a) Amount can be remitted for capital as well as current account transactions
(b) Maximum amount that can be remitted in a financial year is restricted to USD 200,000 (c) Remittance for gift and donation will be within USD 200,000 permitted under LRS
(d) Bank can allow advance to a resident individual for making remittance under this scheme (e) None of these
116_ For outward remittance for medical expenses, estimate from the doctor or hospital is required if the remittance is more than USD .
(a) 1 lac (b) 5 lac (c) 10 Lac (d) none of these as it is required in all cases
117. What is the maximum amount of inward remittance that can be done by a resident individual?
(a) USD 1 Lac (b) USD 5 lac (c) USD 10 Lac (d) None as there is no limit
118. How much amount can be released for remittance abroad for education on declaration basis and withou estimate from educational institution?
(a) USD 1 Lac (b) USD 5 lac (c) USD 10 Lac (d) None as there is no limit 119. Which of the following is true?
(a) If a bank has oversold position, Bank will gain if the rate of foreign currency rises.
(b) If a bank has oversold position, Bank will gain if the rate of foreign currency declines (c) If a bank has oversold position, Bank will lose if the rate of foreign currency declines (d) If a bank has overbought position, Bank will gain if the rate of foreign currency declines (e) None of these
IMPORTS
120. ADs may allow advance remittance for import of goods without any ceiling. However, if the
Compiled by Sanjay Kumar Trivedy , Senior Manager , RSTC, Mumbai 62 | amount of
advance remittance exceeds USD50,00,000 or its equivalent it is mandatory to
obtain-(a) unconditional irrevocable stand by UC of an international bank of repute situated outside India (b) guarantee from an international bank of repute situated outside India
(c) guarantee of an AD in India, if such guarantee is issued against counter guarantee of an international bank of repute situated outside India
(d) any one of the above (e) either (a) or (b) only
121. BEF statement containing details of remittance exceeding USD1,00,000 where evidence of import is
not furnished within 6 months from date of remittance is submitted by ADs to RBI on:
(a) monthly basis by 10thof the following month
(b) quarterly basis by 15thof the month following close of quarter
(c) half yearly basis for March/ September by 15thof succeeding month
(d) half yearly basis as of June/ December by 15thof succeeding month (e) none of these 122. Crystallisation of import bill under UC means:
(a) bill is scrutinised whether it is as per UC terms or not
(b) it is ensured that currency of IJC and insurance is the same or not
(c) converting bill amount into Indian rupees and deciding customer's liability on due date in case of usance bill and on 10thday from date of receipt in case of demand bills.
(d) none of the above as the concept is gone with the termination of PSCFC
123. Application for making payment towards imports into India has to be made to authorised dealers by
importers in :
(a) ENC (b) R-3 (c) Form A-1 (d) Form A-4 (e) none of the above
124. Advance remittance for import of goods into India is to be allowed after obtaining guarantee from an
international bank of repute situated outside India or guarantee of an AD in India against counter-guarantee of an international bank when amount of advance remittance exceeds:
(a) US $ 10,000 (b) US $ 25,000 (c) US $5,000 (d) US $ 15,000 (e) US $ 50,00,000 125. How much advance remittance is allowed for import of services without guarantee
of a reputed
international bank?
(a) USD 1 Lac (b) USD 5 lac (c) USD 10 Lac (d) None as there is no limit MISCELLANEOUS
126. Which of the following types of Bill of Lading is not acceptable by a bank under LC?
(a) On Board (b) Clean (c) Charter Party (d) AN of these (e) None of these 127. Interest Subvention is available on rupee export credit at the rate of 2% for loan up
to Rs but
interest rate after subvention should not be less than 7%.
(a) Rs 3 lac (b) Rs 5 lakh (c) Rs 10 lakh (d) Rs 100 lakh (e) None of these - 128. Interest rate charged by RBI on export refinance to banks is at the rate of :
(a) Bank Rate (b) Repo Rate (c) Reverse Repo Rate (d) Base Rate (e) None of these 129. Export Refinance is provided by RBI at the rate of _ % of eligible outstanding export credit?
(a) 15% (b) 25% (c) 50% (d) 100% (e) None of these
130. R Return is submitted to RBI on which of the following dates of the month?
(a) 7thand 2151 (b) 15th& last day (c) 10th, 20thand last day (d) None of these 131.Overdue import demand bills and usance bills are crystalised on which dates?
(a) 10thday & due date (b) 15thday and 30thday (c) 30thday and 60thday (d) 10thday and 60thday (e) None of these 132. Which of the following is incorrect regarding export declaration forms?
(a) GR form is used for declaration of exports other than by post where custom office not linked to EDI (b) Export Declaration form is not required to be submitted for exports up to USD 25000.
(c) Softex form is used for declaration of export of software in physical or electronic form.
(d) None of these (e) All of these