Question FERA 1947
Time: 30 minutes
Please accord your answer within maximum 3
lines.
q How
FERA-1947 was made effective in our country?
q Is
there any section of FERA-1947 through which you can protect yourself from
probable prosecution?
q Under
which section of FERA-1947 we can come to the conclusion that state is the
owner of any foreign currency.
q Under
which section of FERA-1947 Bangladesh Bank may issue rules, directives in
regard to Foreign Exchange transaction.
q If
in any situation UCPDC conflicts with the local laws, how you will resolve the
problem.
q What
is LC under deferred payment?
q What
is the difference between credit is available by payment and credit is
available by negotiation?
q What
are the essential features of a Bill of Lading?
q Which
bank can execute Transfer of LC.
q What
is the difference between partial shipment and installment shipment?
q Does
URC ensure payment to Exporter/Principal?
q What
is reimbursement undertaking?
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