List of topics you must study to pass CAIIB BFM 2022. Each topic carries at least one mark and is easy to attain pass marks of 50. The list of all topics is displayed here with 100% sure shot CAIIB-BFM 2022 exam-based very important topics.
Forex Market Holidays and settlement dates, Buy, Sell, Spot, Tom, Forward,
Correspondent Banking Mirror account, Vostro account, Nostro account, Loro account, LRS,
Payment systems RTGS +, EBA-EURO 1, CHAPS, SWIFT, CHIPS, FEDWIRE ABA number, TARGET, RTGS
Current Account vs Capital account
Nepal Bhutan currency, Iraq and Libya, Travellers vs Traveller's cheques
NRI, PIO, NRE, NRO, FCNR B, EEFC, Inflow and Outflow of forex
Letter of Credit (India china concept), RED Clause Pre-shipment only, GREEN Clause Pre-shipment and Post shipment both, Revocable, Irrevocable, Transferable LC, Back to Back LC With recourse risk-Beneficiary, Without recourse risk-Nominated bank, Confirmed LC, Usance LC, Revolving LC, Installment LC, Stand By LC, Sight LC, Stand By LC.
* India(A) buyer or Importer or Applicant || China(C) seller or Exporter or Beneficiary*
A opens LC with the small bank then confirming bank, Advising Bank, C, Export goods, Sends documents to Nominated bank/Negotiating bank vs Payment, Opening bank, A Settlement of Funds done by Reimbursing bank b/w (Opening bank, negotiating bank and Confirming bank).
UCPDC 600, Insurance CIF Currency, Rules by ICC Paris, DOCDEX, LC date vs document date, Insurance Policy, 5 calendar days on or about, From & After, beginning middle and end concept, First half of the month
Facilities for exporters : RBI (Fx & FT), DGFT (Im ex), EXIM policy implimented, MINISTRY, DGFT allot IEC 10 digits RBI FEMA and EXIM rules, GR, PP, Softex, SDF <gr>, ED form 25,000 $ Software, Gift Rs. 5lakh, testing, re-export, Myanmar 1,000 $, Days 21 , 12Months,180Days Surrender,2000 $ Keep with you, SHE SEZ 100EOU No time norms, R returns. ETX, XOS, AD dispatch 1 Million, DDA,2yrs,3Cr avg export 3 prev years, 5DDA accounts max, 1Million direct dispatch, 6moths regular customer. From Nepal export proceeds in INR, Rest in ANY, Asian Clearing Union (2BB 2MM IPS) ACUEURO Or $, Foreign Account foreign dept foreign branch foreign currency :
Risks in Foreign TRADE: EEFC, CA, 100 repatriable, Packing / pre shipment calculate FOB,270 Days, Post shipment Docs 21days after shipment. NTP 25Days,10% margin LC available, 25 if not, warehouse export 15Months usance, others 9 Months, Adv Govt, 100% 90days, consigned export ..SALE Amount/realizable value amt financeable 180days finance with good track record 365days extend, 100% bills 6months extend 1year, Duty drawback and loan against it 100%, Notional Due Date 30 days crystallization, at TT selling rate, Gold card Scheme 20% standby limit, 3yrs std account, loan for 3 yrs after this auto-renewal, concessional 90 extendable 360.
ECGC, insurance, assists, Standard Policy (180 Days) export turn over policy insurance small exporters <50 lakhs turn over 95%claim >30 days approach and settle, comprehensive risk std policy >50Lakhs,
EXIM (like broker), promote facilitate and finance for Foreign trade, it can extend LOC, Helps (Technical consultancy suppliers and buyers credit) those who import goods in other countries,suppliers and buyers credit. preshipment 6months,EOU, export bill rediscount 180 days, sssi, EXIM bank performs following functions for commercial banks: DPG >6Months SHE upto 25cr, >25cr to 100 Exim, >100 International working members in RBI FEDAI ECGC EXIM. Export managing fund manage, turnkey project-suply of equipment and services also. world bank provides loan to india through exam bank.
FEMA: NEPAL BHUTAN in rupees up to 50k Cash , Go out with 3000k $, 5000$ LIBYA and IRAN, 2000$ CAN RETAIN, < unspent 6Months should be returned.