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BFM- MCQ ON TREASURY MANAGEMENT

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Credit & Debit Card MCQ

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BFM-Module: A-INTERNATIONAL BANKING Questions (MCQ)

TEST YOUR SELF  : MCQ  ON INTERNATIONAL BANKING 1. Foreign Exchange Management Act (FEMA) is administered   by: (a) RBI (b) Govt. of India (c) SEBI (d) Both (a) & (b) (d) All of these 2. A license to deal in foreign exchange to authorized dealers is issued by : (a) DGFT (b) FEDAI (c) RBI (d) EXIM Bank(e) both (a) & (c) 3. All foreign exchange transactions in India are governed by : (a) Foreign Exchange Regulation Act, 1973 (b) Reserve Bank of India Act, 1934 (d) Foreign Exchange Management Act, 1999 (e) Banking Regulation Act,1949 4. Restricted money changers are the firms/ organizations authorized to undertake : (a) sale of foreign currency notes, coins and travellers' cheques to the public (b) purchase of foreign currency notes, coins and travellers' cheques from the public (c) issue of letters of credit for their importer customers (d) both safe and purchase of foreign currency notes, coins, travelle...
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