Foreign Direct Investment

1. John (Nonresident) holding equity instruments in an Indian company on a

repatriable basis transfers shares to a Ram (Resident). Which form will be required to
be filed?
B. FCTRS
2. If Foreign na onal invests 50% in the capital of Limited liability partnership for 50%
profit share in the LLP, then such investment is termed as __________.
C. Foreign Investment
3. Suppose a Nonresident gi his shareholding in Indian company to person resident in
India. What is the repor ng requirement?
A. FCTRS
4. For an FPI investment, once the investment is classified as FDI (basis total holding), if
the FDI holding comes back to <10%, will the holdings be classified as FPI again?
C. Once FDI always FDI
5. XYZ Ltd an Indian company is offering Right shares to exis ng Non resident
shareholder and resident shareholders. Price fixed for Resident shareholder is 10 per
share. What is the price at which it can be offered to Non resident.
C. 10 or more per share
6. ABC Inc, a foreign company invests 5% in the share capital of ABC Ltd (listed
company). What is the investment termed as ______?
B. Foreign Por olio Investment
7. If shares are not issued within 60 days of receipt of remi ance then the amount
needs to be refunded within ____ days from expiry of 60 days?
B. 15 days
8. An Indian Company has issued Sweat Equity Shares to a Non resident for the
considera on other than cash (the Non-resident provided services to the Company).
What is the repor ng requirement under FEMA:
C. FORM ESOP
9. Mr X (NRI) is gi ing shares of an Indian company XYZ Pvt Ltd to his close rela ve Mr
A (Indian Resident). Whether it is allowed under
A. Automa c Route
10. A Real estate Broking Company based out of India receives investment from abroad
and issues equity instruments to the investor. Whether the transac on is allowed?
B. Yes, Automa c Route
11. Indian company receive remi ance on 5th April and allo ed shares on 1st May so
what is the due date for filing of FCGPR on FIRMS Portal?
B. 31st May
12. In case of transfer of shares under FDI Regula ons, whether considera on can be
deferred. If yes, how much amount and within what me?
A. 25%, 18 months
13. Air BNB is a startup company registered under DIPP proposed to issue Conver ble
notes to Nonresidents. Whether it is allowed under FEMA?
C. Allowed with maximum tenure of 5 Years
14. The foreign investment in an Indian company ABC is 70%. ABC’s investment in SPV
is 100%. What would be the Indirect foreign investment in SPV:
C. 100 percent
15. If the nature is transfer of equity instruments from Non resident to Resident, then
the valua on norms applicable here is:
D. Both a and b
16. Nidhi Company is engaged in the business of borrowing and lending between their
members; The company receives investment of 1 crore from Australian company.
Whether the transac on is permissible?
D. Prohibited transac on
17. The customer doing filing on FIRMS Portal need to use the IFSC of AD Bank. What is
the IFSC that customer use for ICICI Bank?
A. ICIC0000393

Buyers Credit
1. When a separate limit for Buyers Credit is set up at ICICI Bank, IBU, Gi City branch,
separate facility agreement is executed which requires stamp duty to be paid again on
the Facility Agreement issued by IBU Gi City branch
B. False
2. A KYC confirma on needs to be given by the base branch to ICICI Bank, IBU Gi City
branch for crea ng the customer ID for raisng Buyers Credit from IBU, Gi City
A. True
3. When will the SBLC be funded
A. T+1
4. Buyers credit can be availed for making advance remi ance of imports
B. False
5. Is pre-payment allowed
A. True
6. As per the current process, Customer ID needs to be created for raising Buyers Credit
from ICICI Bank, IBU, Gi City Branch
A. True
7. What is tenor for which trade credit for non-capital goods can be given
B. One year from the date of shipment or opera ng cycle whichever is less
8. The All - in - Cost for Trade Credits must include the SBLC commission.
A. True
9. ICICI Bank Domes c Branch should ensure on a best effort basis that the SBLC is
issued at least _____ days prior to the Buyer’s Credit disbursement date.
A. 2 working days
10. Change of currency of Trade Credit from one freely conver ble foreign currency to
any other freely conver ble foreign currency as well as to INR is permi ed
A. True
11. Eligible amount under automa c route for BC - for imports other than oil/gas
refining & marke ng, airline and shipping companies.
B. USD 50 million
12. An en ty in DTA is allowed to raise Trade Credit for purchase of capital / non-capital
goods from a unit or a developer of a Special Economic Zone (SEZ) including Free Trade
Warehousing Zone (FTWZ)
A. True
13. Period of Trade Credit is reckoned from
B. Date of Shipment
14. What is the margin percentage for FD backed Buyers credit
A. 100%
15. SEZ can raise buyers credit
A. True
16. ICICI Bank raises Buyers Credit for importers by issuing
C. SBLC
17. Can we avail roll over with the same quote
B. False
18. Period of trade credit for capital goods is
B. 3 years
19. What is all - in - cost ceiling per annum for trade credits
B. Benchmark + 300 bpps

Export Credit
1. which is the I-Core menu op on to generate pre-shipment credit interest report?
C. GPCIR
2. Pre-shipment finance is available for deemed exporter for what tenor?
C. Maximum period of 30 days or upto the date of payment from receiver of the goods,
whichever is earlier
3. EPC/PCFC can be liquidated from
D. All of the above
4. A customer received an Inward remi ance of USD 1,50,000. He had also availed
PCFC for USD 73,275 which is now in overdue status. Customer wants to credit the full
amount to the current a/c at present and has confirmed that he would adjust the
overdue PCFC from future remi ance to be received in next 13 days for USD 73,275 As
branch trade desk officer what would you do?
B. In case of overdue EPC/ PCFC, the proceeds are not allowed to be credited to current
a/c or CC A/c. First, the overdue liability needs to be knocked off. Post that the balance
to be credited to CC a/c or Current a/c.
5. Pre-shipment credit is disbursed on
C. FOB Value of PO/ LC less margins as per CAL
6. PCFC pricing is now benchmarked against which rate ?
A. Alterna ve Reference Rate for respec ve currency
7. Customer took EPC on 01.01.2022 with due date being 30.04.2022. The customer
made the shipment a er 30.04.2022 and submi ed the documents to the bank on
10.05.2022 with a request not to knock off the EPC. He requested to send the
documents on collec on basis. Can the branch trade officer accede to the request of
the customer?
B. We need to mandatorily convert the overdue pre-shipment into post-shipment and
then send the documents to overseas beneficiary for collec on
8. Overdue EPC/ PCFC can be extended by taking approval from ETRG - Product Head
C. It must be approved by the appropriate credit sanc oning authority, subject to tenor
being permi ed as per CAL/ maximum tenor as per RBI guidelines
9. As a branch trade officer, from where you can download the EPC/ PCFC
disbursement advices
C. Trade One View
10. Post shipment liability may be knocked off from EEFC A/c also on special request
from the customer
A. Yes
11. In case a customer has a sanc oned running a/c EPC/ PCFC, then we should not
accept the order copy / LC copy at the me of disbursement
A. Even if the customer submits order copy along with the disbursement, we can
accept the same and a ach it in the track. TFOG will update the order details in I-core
along with the disbursement
12. For PCFC customers when is the Crystalliza on in ma on sent to customer?
A. 15 days prior to the crystalliza on event on registered email id of customer
13. A PCFC is overdue. Credit team has sanc oned an OD to the customer to the tune
of INR 5 Mn. Customer requests to liquidate the overdue PCFC from the OD a/c and
then again disburse PCFC. In this the correct way to liquidate the overdue PCFC?
B. We must not liquidate overdue PCFC from OD proceeds and re-disburse the PCFC. It
would lead to "ever greening of loans"
14. Customer need to submit UIN for EPC disbursement. UIN is generated by
B. Customer from DGFT portal
15. As a trade officer of the branch how would you monitor the pending orders and
disbursement due dates
A. Open Tracks report - it has both pending order submission report & each pre-
shipment disbursement details with due dates & overdue status
16. The extended Interest Equilisa on Scheme will not be available to which
beneficiaries as per the latest RBI guidelines
A. Beneficiaries who are availing any Produc on Linked Incen ve (PLI) Scheme of the
government or any business segment of such beneficiaries is eligible for PLI
17. In case of deemed exports, bank can provide pre-shipment in which currency
B. INR only
18. Customer has applied for PCFC and is also an MSME. Maximum Interest Subven on
Benefit the customer can claim is
D. The customer cannot claim as Interest Subven on Scheme is not applicable in case
of PCFC. It is only applicable in case the customer takes the disbursement in INR i.e.
EPC
19. Determine the value for pre-shipment disbursement amount from the given
scenario : a. Order value USD 500000 b. Incoterms CIF c. Margin as per CAL 12.50%
A. FOB Value - USD 3,75,000, pre-shipment disbursement amount - USD 3,82,812.5
20. What is the maximum tenor for which post-shipment rupee credit can be granted
as per RBI guidelines?
A. 365 days from the shipment date
21. Incase of a running account facility customer order is pending for last 50 days. Will
you take up customer request for processing pre-shipment disbursement?
C. I will take RH /SME-Etrg approval and send email to customer to submit all pending
purchase orders and proceed for disbursement
22. Calculate the due date of pre-shipment (order based) for the below scenario : a.
Tenor requested as per CRL - 180 days b. Tenor sanc oned as per CAL - 180 days c.
Expected Shipment date - 30th Sept 2022 d. Customer request le er date - 01st June
2022
C. Due date = Shipment date + 21 days (30.09.2022+21 days) = 21.10.2022
23. What is No onal Due Date in post shipment finance ?
B. Normal Transit Period + Usance period
24. Revised Interest Equilisa on rates are
A. MSME manufacturer exporters expor ng under any HS lines- 3% & Manufacturer
exporters and merchant exporters expor ng under 410 HS lines - 2%
25. XFP & XFD are abbrevia ons used for which type of finance in ICICI bank
C. XFP & XFD both are post-shipment finance

Export Bill Negotiation_2

1. For EBN transac ons the rates are quoted by

A. IFIG team
2. LC is issued by the
C. LC issuing bank
3. In an EBN transac on, the acceptance of the documents is sent by the following
bank
A. LC issuing bank
4. EBN is done on client credit lines
B. No it is done on foreign bank credit lines
5. Acceptance by the foreign bank is received in SWIFT format
A. MT 754
6. Interest rate of nego a on in an EBN transac on based on
A. LIBOR
7. For EBN transac on the collateral required is
C. No collaterals required
8. In an EBN transac on credit limit needs to be sanc oned for the client
B. No
9. Advising bank is
B. One who confirms the authen city of the LC
10. Under sight Le er of Credit the payment needs to be done within :
A. 5 working days