MCQ Question international division for banks

MCQ Question of International Division for Bankers

MCQ of International Division for Bankers :

 

Question: A resident is a person, bank or firm who/which resides/has a place of business outside Bangladesh (tick appropriate answer):

  1. a) True
  2. b) False

Ans: b

 

Question: Annual travel quota for release of foreign currency in a calendar year is?

(tick appropriate answer):

  1. a) USD5,000
  2. b) USD12,000

Ans: b

 

Question: Annual travel quota for release of foreign currency for non SARC countries in a calendar year is?

(tick appropriate answer):

  1. a) USD7,000
  2. b) USD5,000

Ans: a

 

Question: Maximum limit for cash foreign currency release under travel quota per instance is?

(tick appropriate answer):

  1. a) USD2,000
  2. b) USD3000
  3. c) USD5,000

Ans: c

 

Question: Under AMU ADs may open Nostro accounts in which currencies

(tick appropriate answers)?

  1. a) ACU Dollar
  2. b) ACU Yen
  3. c) ACUGBP
  4. d) ACU Euro

Ans: a and d                                  

 

Question: ADs may maintain accounts in freely convertible currencies with their correspondents abroad (tick appropriate answer):

  1. True
  2. b) False

Ans: a                 

 

 

Question: For payments against imports the prescribed application form is …………

(Tick appropriate answer).

  1. a) FormTM
  2. b) Form EXP
  3. c) Form IMP

Ans: c                                              

 

Question: The ADs may obtain short term loans and overdrafts not exceeding ………. at a time from overseas correspondents at the going market rate to meet their short term needs.

(Tick appropriate answer).

  1. a) 180 days
  2. b) 30 days
  3. c) 7 days

Ans: c                                              

 

Question: All authorizations for selling foreign exchange for outward remittances given by the Bangladesh Bank remain valid for a period not exceeding …………….from the date of approval unless they are expressly stated as valid for a specified longer period or unless they have been revalidated for a further period.

(tick appropriate answer)

a) 15 days

b) 30 days

c) 60 days

Ans: b                

 

Question: ln case of remittances, received in advance for exports the ADs should obtain a signed declaration from the beneficiary on the back of the …………………certifyin8 the purpose of remittance. (tick appropriate answer)

a) TM form

b) EXPForm

c) Advance Cash ReceiptVoucher (ARV)

Ans: c                               

 

Question: Transfer between non-resident Taka accounts are permitted freely.

(please tick appropriate answer):

a) True

b) False

Ans: a

 

Question: Which of the following is correct?

(tick the correct answer):

a) Payments from and receipts to the non-resident Taka accounts constitute purchase or inward remittances and sales or outward remittances respectively of foreign currency.

b) Payments from and receipts to the non-resident Taka accounts constitute sale or outward remittances and purchase or inward remittances respectively of foreign currency.

Ans: a

 

Question: Remittances received against exports of Boods should be certified and reported on ………….. (Tick appropriate answer)

a) Advance Cash Receipt Voucher

b) IMP Form

c) EXP Forms

Ans: c                                                            

 

Question: Any person may take out of Bangladesh, Bangladeshi legal tender notes and coins not exceeding ……………….. only in value at any one time.

(tick appropriate answer)

a) Taka 500

b) Taka 2000

c) Taka 5000

Ans: c                               

 

Question: Any person ordinarily resident in Bangladesh may take out foreign exchange not exceeding ………… or its equivalent which was brought in without declaration at the time of returning from abroad. (tick appropriate answer)

a) USD3000

b) USD 5000

c) USD 10,000

Ans: b                               

 

Question: lt is not permissible to send currency notes and coins out of Bangladesh by post/courier or any other means.

(tick appropriate answer)

a) True

b) False

Ans: a

 

Question: Import of goods into Bangladesh is regulated by in terms of the import and Export (Control) Act, 1950 through Import Policy Order (lPO) in force.

(tick appropriate answer)

a) The Ministry of Commerce

b) Ministry of Industries

c) Ministry of Finance

Ans: a                 

 

Question: Import Policy order (lPO) and Public Notices are issued from time to time by

(tick appropriate answer)

a) The office of the NBR

b) Controller General of Accounts

c) Office of the Chief Controller of Imports and Exports.

Ans: c                               

 

Question: ln terms of the Importers, Exporters and Indentors (Registration) Order, 1.950/1969/1981 no person can import goods into Bangladesh unless he is registered with NBR/MCCI/CCI&E unless exempted from the provisions of the said Order.

(tick appropriate answers)

Ans: 1950 and CCI & E

 

Question: ln case the importer is new customer, the AD should obtain certificate from the AD through which the applicant imported earlier to the effect that no by the importer.

(tick appropriate answer)

a) Bill of Lading & due

b) Bill of Exchange & overdue

c) Bill of Entry & overdue

Ans: c

 

Question: The LCAFS, available with the ADs, are issued in sets of 3/4/5 copies each. Of these, the one marked as “Customs Purpose/Statistical Purpose/Exchange Monitoring Purpose” should be used for opening LC and for effecting remittance (tick appropriate answer)

 

Ans: 5 & Exchange Monitoring Purpose.

 

Question: ln case of import on FOB basis, full LCAF value is remittable.

(tick appropriate answer)

a) True

b) False

Ans: b

 

Question: In case of import of items other than capital machinery and spares the LCAF remains valid for remittance for:

(tick appropriate answer)

a) 9 months

b) 12 months

Ans: b … is………… for submission

 

Question: In case of import of items for capital machinery and spares the LCAF remains valid for remittance for:

(tick appropriate answer)

a) 12 months

b) 17 months

c) 18 months

Ans: b

 

Question: DP stands for –

(tick appropriate answer)

a) Deferred Payment

b) Delivery against payment

Ans: b

 

Question: Which of the following transport documents is a negotiable instrument?

a) Airway Bill

b) Railway Receipt

c) Bill of Lading

d)Truck Receipt

Ans: c

 

Question: Import of capital machinery is allowed to be opened upto maximum deferred payment/Usance basis without prior approval of Board of Investment.

(tick appropriate answer)

a) 90 days

b) 180 days

c) 360 days

Ans: c

 

Question: Import of Industrial Raw material for own use of industrial importers including back to back imports is allowed under Usance basis for a maximum of………….’.. ….

(tick appropriate answer)

a) 360 days

b) 180 days

c) 120 days

Ans: b

 

Question: Import of coastal vessels including oil tankers and ocean going vessels including those procured for scrapping is allowed under Deferred/Usance basis for a maximum of

(tick appropriate answer).

a) 120 days

b) 180 days

c) 360 days.

Ans: c

 

Question: Import of agricultural implements and chemical fertilizers is allowed maximum deferred payment of

(tick appropriate answer)

a) 90 days

b) 120 days

c) 180 days

d) 360 days

Ans: b

 

Question: Deferred period for import of life savings drugs is maximum

(tick appropriate answer)

a) 360 days

b) 180 days

c) 120 days

d) 90 days.

Ans: d

 

Question: What is the size of EDF available with Bangladesh Bank?

(tick appropriate answer)

a) USD500 million

b) USD1000 million

c) USD1500 million

Ans: c

 

Question: For a single exporter what is the maxim ceiling for EDF loan?

(tick appropriate answer)

a) USD5 million

b) USD10 million

c) USD15 million

Ans: c

 

Question: EDF interest rate:

a) 6 months LIBOR + 1.5%

b) 6 months LIBOR + 2%

c) 6 months LIBOR + 2.5%

Ans: c

 

Question: “Re-export” means export of any imported item within specific period with at least ………… value addition to the import value after reprocessing the said imported item locally by changing either its quality or shape or both:

(tick appropriate answer)

a) 5%

b) 10%

c) 7%

Ans: b

 

Question: As per import policy we cannot import from following country:

(tick appropriate answer)

a) lran

b) lsrael

c) lran & lsrael

Ans: b

 

 

Question: H.S. Code Number for import purpose, use of H.S. Code with at least …….. ……. corresponding to the classification of goods as given in the First Schedule of the Customs Act,1969 (Act No. lV of 1959) based on the Harmonized Commodity Description and Coding System, shall be mandatory

(tick appropriate answer)

a) 5 Digits

b) 8 Digits

c) 10 Digits

Ans: b

 

Question: No import shall be allowed on CIF or CIP basis without prior approval from:

(tick appropriate answer)

a) Ministry of Finance

b) Ministry of Commerce

Ans: b

 

Question: In all cases of import, “country of origin” shall be mentioned clearly on the package and container of goods.

(tick appropriate answer)

a) Yes

b) No

Ans: a

 

Question: Import of any permissible item for an amount not exceeding …………… against LCA Form without opening of Letters of Credit s allowed only during each financial year against remittance made from Bangladesh.

(tick appropriate answer)

a) USD100,000

b) USD50,000

Ans: a

 

Question: A commercial importer can import capital machinery on upto 350 days usance basis.

a) Yes

b) No

Ans: b

 

Question: Unless otherwise specified, for import under cash foreign exchange, letter of credit shall be opened by all importers within ……. days from the date of issue /registration of LCA form:

(tick appropriate answer)

a) 180

b) 150

c) 160

Ans: b

 

 

Question: “Block list” required for import of

a) Industrial Raw Material

b) Capital Machinery

c) Raw and Packing materials for Pharmaceutical Industries.

Ans: c

 

 

Question: Minimum rate of value addition required for “Export of knit garments”

a) 75%

b) 25%

c) 20%

Ans: c

 

 

Question: Minimum rate of value addition required for “Export of all types of baby garments

a) 75%

b) 25%

c) 20%

Ans: a

12 thoughts on “MCQ Question of International Division for Bankers”

  1. It is appropriate time to make a few plans for the future and
    it is time to be happy. I’ve read this publish and if I may I desire to
    recommend you some interesting issues or tips.
    Maybe you could write subsequent articles regarding this
    article. I wish to read even more things about it!

  2. Forhadul islam says:

    Well question &answer.

  3. glurmoums says:

    Diferencias Entre Cialis Y Viagra Appeassesuro http://apriligyn.com Plasmodium vivax d.

  4. Quems says:

    Plus, Ipsy’s full-sized products increase the overall value of the subscription box, so this is great if you’re looking to get the most bang for your buck. Both boxes offer a convenient way to experience a variety of new products for an affordable price. In the end, it really comes down to whether you prefer makeup or skin and hair care, but no matter what beauty products you like best, there’s a subscription box out there for you to love! If you love trying new beauty products or you want to add more into your collection, I’m positive you’ll love this box. The best part, to me, is that it gives full-size products. Not only is that a great value, but it allows you to fully form an opinion on the product, especially if it’s something like skincare that may take time to get used to. I’m confident that anyone can find at least one product they love in this box, and that one product will likely cost more in store than your subscription fee for Boxycharm. https://www.coolcasegallery.com/community/profile/shantellgilbrea/ THE REVIEWS: \I had to get organized as it was making me crazy. Instead of having a bunch of drawers

Leave a Reply

Your email address will not be published. Required fields are marked *