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The Government of India and other agencies provide export incentives under the Export Promotion Scheme. This can only be in the form of refund of …….
A)excise and customs duty known as Duty Drawback
B)GST C)a) or b) D)None
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The Import Data Processing and Monitoring System (IDPMS) was implemented with effect from
A)10th October, 2016
B)10th November, 2016 C)10th December, 2016 D)10th January, 2017
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IEC number is required for:
A)Import of capital goods.
B)Filing of bill of entry with customs. C)Undertaking any export or import transaction. D)Receiving gift from relatives abroad.
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As per extant FEDAI guidelines, crystallization of export bills purchased/discounted, is to be done as under:
A) On the 10th day after due date of The bill
B) On the 20th day from the date of handling of the bill.
C) On the 45th day from the due date
D) As prescribed by each bank or as per the arrangement between the bank and the customers.
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State which the following sentences Are false:
A) Status account holders are allowed to retain 100% of the eligible credits received in EEFC account.
B) Export bill financing is known as PCL.
C) In case after allowing PCL, exports do not take place, the advance is still Treated as export credit.
D) At present banks are allowed to charge interest on PCFC, for 180 days at a maximum of LIBOR plus 1.00%.
1.a), b) and c)
2.b), c) and d)
3.a), b) and d)
4.a), c) and d)
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SOFTEX Form is used to declare
A) Import of Software in Physical Form
B) Export of Software in Physical Form C) Import of Software in Non-Physical Form D) Export of Software in Non-Physical Form
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Which of the followings is proof of physical import of goods.?
A)Bill of Lading
B)Bill of Entry C) Certificate of Origin D)GR Form
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As per Exchange Control regulations, export proceed must be realised within ………… from the date of export.
A)12 months
B)9 months C)6 months D)270 days
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As per extant FEDAI guidelines, crystallization of overdue export bills purchased/discounted by the bank is to be done within the time limit of
A)10 days from becoming due
B)20 days from becoming due
C) 30 days from becoming due
D)at the discretion of the bank
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The all-in-cost ceiling for raising Trade Credit is presently ……………basis points over 6 months LIBOR (for the respective currency of credit or Applicable benchmark).
A)200
B)250 C)300 D)350
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Factoring was introduced in India after recommendation of ………… Committee
A)Kalyanasundaram Committee
B)Narasimham Committee C) Rangarajan Committee D)Nachiket Mor Committee
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.In factoring, the factor generally advances up to …………. of the outstanding debts of the client:
A)50-55%
B)60-70% C)75-80% D)80-90%
