Let this year be the year of hard work and success | 30% on everything | Use TOGETHER at checkout !!

Certificate Course in Foreign Exchange Operations Practice Exam

Certificate Course in Foreign Exchange Operations

About Certificate Course in Foreign Exchange Operations

The objective of the Certificate Course in Foreign Exchange Operations Exam is to make the bank officials familiar with Foreign Exchange operations. This exam is being introduced pursuant to the recommendation of a committee of RBI.


Target Audience

The Certificate Course in Foreign Exchange Operations Exam is suitable for employees working with Authorized Dealer (AD) Member Banks of FEDAI.


Course Structure

1. FEDAI Role and Rules

Foreign Exchange Rates and Risk Management 

Code of Conduct, Ethics/ Compliance, Corporate Governance 

2. Regulatory Requirements under FEMA for Resident/ Non-resident Individuals

Remittance Facilities under LRS

Other Remittance Facilities for Resident Indians/ others 

Various foreign currency accounts in India/ abroad 

Acquisition of Assets, Immovable properties outside India, including investments in securities abroad

Remittance of Assets

Facilities for Non-resident Indians – Deposits Accounts, Investments, Borrowing etc. 

3. Regulatory Requirements under FEMA for Resident/ Non-resident Entities 

Import of Goods & Services and other non-import remittance 

External commercial borrowing 

Export of goods and services

Investments outside India 

Investments in India by non-resident Corporates/ FPIs/ Others Entities

Establishments of LO/ BO/ PO in India by foreign entities 

4. Documentary Credits & Standby Credits

ICC guidelines pertaining to INCOTERMS 2010, URC 522

UCP 600, eUCP version 1.1

ISBP - ICC PUB. 745, URBO - ICC PUB. 750, URDG 758 

DOCDEX Rules - ICC PUB.872 

5. Export Finance

Various finance available by way for Pre-shipment/ Post-shipment finance in Rupees and Foreign Currency 

International Factoring, Forfaiting 

Export Credit Guarantee Corporation (ECGC) 

6. Foreign Trade Policy (FTP) 2015-20 

Various policy issues with specific relevance to AD Banks with latest updation


Exam Pattern 

  • Exam Name: Certificate Course in Foreign Exchange Operations Exam
  • Number of Questions: 100
  • Length of Time:  2 Hours 


What do we offer?

Full-Length Mock Test with unique questions in each test set

Practice objective questions with section-wise scores

An in-depth and exhaustive explanation for every question

Reliable exam reports evaluating strengths and weaknesses

Latest Questions with an updated version

Tips & Tricks to crack the test

Unlimited access


What are our Practice Exams?

Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.

Practice exam questions have been created on the basis of content outlined in the official documentation.

Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.

Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.

You can also create your own practice exam based on your choice and preference 


100% Assured Test Pass Guarantee

We have built the TestPrepTraining Practice exams with 100% Unconditional and assured Test Pass Guarantee! 


If you are not able to clear the exam, you can ask for a 100% refund.

Tags: Certificate Course in Foreign Exchange Operations Practice Exam