FORWARD REMITTANCES

How many purposes can be included in one SSI? 2

Money transfer done across the borders by a remitter staying 2
abroad to another beneficiary in India is considered as
Can remittance by sale of travellers` cheque be as foreign 1
remittance?
How many methods does ICICI bank offer for remitting 1
exporters` and importers` money?
What is the major advantage of Exchange Earners` Foreign 3
Currency (EEFC) Account in case of payments made to
importer?

Who is involved in solving customer queries relating to 1

unidentified Nostro credits raised by the branch?
Which is an interface between GTSU and treasury? 2
The term remittance means 3
Which of the following is described as corporate forex
remittance?1
Which of the following is not an advantage of standard settlement 1
Instruction (SSI) in a corporate inward remittance?
MT800`s deal with 2

Corporate Inward Remittances goods move from exporter to the 1

shipping company in exchange for the document of title bill of
landing 1

As per finnacle, `Import Collection Document` in corporate 3

outward remittance is classified as3

Which of the following has no commission charges?1 1

In addition to value added services, domestic banking features of 1
a current account are also provided through Trade RCA1
Into how many types does corporate inward remittances 1
classified?1
What is a Exchange Earners` Foreign Currency (EEFC) Account 2
2
Direct rate clients can call directly to 2 2
Which of the following is true?XXX Authorised Dealer
Banks may permit
exporters to repay
credit advances in
Indian / foreign
currency only from
balances in their
EEFC account
If the per quarter trade volume is USD 300K, then the Trade RCA 3
variant is classified as3
Clients who are given the privilege to call treasury directly for 2
rates are termed as2

Which of the following statements is true?3 3

Both foreign and Indian currency can be held in EEFC 2

ICICI bank checks with the client the purpose of Remittances 2
because it has to report to2

After primary scrutiny of the exporters documents by the ICICI 2X1X3

branch the documents are sent to

The remitters bank credits the amount to ICICI Bank`s Nostro

RCA stands for 2

Which of the following statements is true? 2

For FX online and FX on call services the user ID and & 2

passwords are activated immediately after dispatching them to the
client.

Form A2 is needs to submit in case of wire transfer below$ 5000. 2

In FX on call who does the post transaction services ?2 2

Treasury reference number is a -----2 2

In case of process of direct rates who makes the entries in the 3

finnacle?3

Which of the following methods of remitting exporters` and 3

importers` money by ICICI is very popular?3
Which of the following services provided by the ICICI helps the clients to
achieve better control over their finances?1X3
Which of the following statements is true regarding remittances against
replacement imports 1X2
Who declares customs assets certificate in corporate outward
remittances?4X
A person who is sending money from a foreign country makes payment to
his own bank. This bank is referred as1
In case of direct import bill the seller dispatches the documents to the
buyer.1
Which of the following statements is true? 3X2X1Document scrutiny in case
of advance payment against exports in minimal.
In Corporate Inward Remittances, which of the following completes the
goods and export documents flow?1X2
MT800`s deal with 2X1
In Corporate Inward Remittances goods move from exporter to the shipping
company in exchange for the document of title bill of landing 1
Who fills in the margins and limits in the FX online application form? 1
Which of the following statements is true? 3Exporters receive the payment
from their overseas buyers only after the goods are shipped.X2
A client can give more than 1 SSI 1
Which of the following documents is not involved in case of advance to
import related outward remittance?1X
FX Online is a web based forex platform 1
Which of the following is not contained in the SWIFT message? 3X
Who is a remitter?2
Who informs the customer about the inward remittance? 3X
Which of the following outward remittances in prohibited as per Foreign
Exchange Management Act 1999 3X4
If a public sector company is not in a position to obtain a guarantee from an
international bank of repute against an advance payment has to obtain a
specific waiver for the bank guarantee from the 2X
Under which category of the corporate remittance does the payment of rent,
salary etc through company come? 1X2
ICICI bank has a dedicated call center to inform the customer about the
arrival of their remittance. 1
A Bank may allow advance remittance for import of goods without any
ceiling if 3X2
In Corporate outward remittance process who is responsible for entering the
commission amount, SWIFT charges?2X3X
The filled in application FX online application forms are dispatched to
the1X3X4
Who does the daily calling to inform the client about their remittances?=2
Money transfer done across the borders by a remitter staying abroad to
another beneficiary in India is considered as 1X2
In FX on call who does the post transaction services ? 1X
What does SWIFT stand for? 2
The remitters bank credits the amount to ICICI Bank`s 1X2
In case of capital goods import of goods is made to India with in ---- form
the date of remittance.1X
Which of the following documents is not submitted by the importer to the
bank in case of corporate outward remittance? 1X4
In case of process of direct rates deal slip from the dealer is received by the
3X1
Which of the following defines guidelines for carrying foreign exchange
abroad? 3
which form is the be completed in duplicate for export otherwise than by
post including export of software in physical form? 1
Retail outward remittance can be made through demand draft 1
In Door step banking, pick up service is a paid service. 1X
Trade RCA has five variants based on 2
Which of the following is true about Exchange Earners` Foreign Currency
(EEFC) ? 3X1X
Which of the following is not an advantage of standard settlement
Instruction (SSI) in a corporate inward remittance? 1
For FX online and FX on call services the user ID and & passwords are
activated immediately after dispatching them to the client. 1X2
When does a Foreign Inward Remittance Certificate is required by a
customer? 1
Which of the following details is not required to mention in a standard
settlement Instruction (SSI) in a corporate inward remittance?1X3X2X4
Can remittance by sale of travellers` cheque be as foreign remittance? 1
Which of the following is the export related inward remittances? 3
Which of the following documents involved in exported related corporate
inward remittance when payment is not received in advanced? 1
Trade RCA is a Zero balance account 2X
What is the major advantage of Exchange Earners` Foreign Currency
(EEFC) Account in case of payments made to importer? 1X3
How many methods does ICICI bank offer for remitting exporters` and
importers` money? 1
A foreign currency cheque is payable abroad=2X
Who is involved in solving customer queries relating to unidentified Nostro
credits raised by the branch? 1
Treasury reference number is a ----- 1X
An exporter from India delivered goods to a buyer from abroad. The
proceeds must be repatriated to India with in a period of 1X2
Form A2 is needs to submit in case of wire transfer below$ 5000. 1X2
Which of the following is a value added service provided by ICICI through
Trade RCA? 1X2
Which of the following is a service not provided by Trade RCA? 1
Which of the following statements is true?1In a corporate outward
remittance the remittance is made directly to the supplier of the goods
Which of the following statements is true?3X

Which of the following statements is true?=2 -Retail outward remittance can be made by wire transfer.

wrong

MT800`s deal with

-Which of the following is not contained in the SWIFT message?
-Which of the following statements is true?
-

What is a Trade RCA?=3X

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Section: 1. Forex Remittances
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--Which of the following statements is true?
-Which of the following documents is not involved in case of advance to import related outward
remittance?
-Which of the following is true?
-In case of process of direct rates deal slip from the dealer is received by the
-can an SSI be given for issuance of FIRC?