What is the name of the director Absa Bank Foreign Remittance Department?

What is the name of the director Absa Bank Foreign Remittance Department?
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What is expatriate income or remittance ?

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Last Answer : : Remittance is the money sent by expatriate citizens to their home country . Workers , employees and professionals working abroad send a portion of their earnings to their families through banks ... a large part of the national income of Bangladesh comes from remittances sent by expatriates.

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Description : What is remittance ?

Last Answer : : Remittances are remittances sent by foreign expatriates.

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Last Answer : Bangladesh is the 9th largest recipient of global remittances in 2017.

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Last Answer : In 2019, ' Remittance Award ' was given to 36 people.

The NEFT system facilitates ____cross-border transfer of funds from India to Nepal which is known as the Indo-Nepal Remittance Facility Scheme. A. One Way B. Two Way C. Multi way D. None of the Above

Description : The NEFT system facilitates ____cross-border transfer of funds from India to Nepal which is known as the Indo-Nepal Remittance Facility Scheme. A. One Way B. Two Way C. Multi way D. None of the Above

Last Answer : A. One Way Explanation: The NEFT system also facilitates one-way cross-border transfer of funds from India to Nepal. This is known as the Indo-Nepal Remittance Facility Scheme. A remitter can ... account with a bank branch in Nepal or not. The beneficiary would receive funds in Nepalese Rupees.

Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above

Description : Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above

Last Answer : A. USD 25,000 Explanation: PAN card need not be insisted upon for remittance made towards permissible current account transactions up to USD 25,000 per financial year.

Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last received from the BO by entering the balance in words and figure of last BO daily account c) To Note the particulars of articles, documents, account office receipts, sent to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Description : Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last ... to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Last Answer : e) All the above

Remittance exchanged between two sub offices entered in ______ at HO a) SO daily account b) SO Slip d) BO slip d) SO summary

Description : Remittance exchanged between two sub offices entered in ______ at HO a) SO daily account b) SO Slip d) BO slip d) SO summary

Last Answer : d) SO summary

When any remittance of cash/stamp are enclosed, the account bag a) The treasurer should then enclose the cash/ in the cash bag in the presence of the Sub account assistant and close and seal it also in the presence of the sub account assistant. b) The sub account assistant count the cash/stamp and closed by himself c) The cash bag will be closed in presence of Postmaster d) None of these

Description : When any remittance of cash/stamp are enclosed, the account bag a) The treasurer should then enclose the cash/ in the cash bag in the presence of the Sub account assistant and close and seal it also ... and closed by himself c) The cash bag will be closed in presence of Postmaster d) None of these

Last Answer : a) The treasurer should then enclose the cash/ in the cash bag in the presence of the Sub account assistant and close and seal it also in the presence of the sub account assistant.

On return of the carrier to the HO ________ should be examine the dairy or book of the carrier to see that a receipt for the remittance has been obtained by him and initial it with date in token of having carried out the examination. a) Head Postmaster b) Sub account assistant c) Treasurer d) Any senior of the branch

Description : On return of the carrier to the HO ________ should be examine the dairy or book of the carrier to see that a receipt for the remittance has been obtained by him and initial it with date in ... the examination. a) Head Postmaster b) Sub account assistant c) Treasurer d) Any senior of the branch

Last Answer : c) Treasurer

When a remittance is made to a SO through a special carrier, in which document a remark should be written for the information of SPM as to how the money was sent a) In SO daily account b) In SO Slip c) In HO summary d) In treasurer cash book

Description : When a remittance is made to a SO through a special carrier, in which document a remark should be written for the information of SPM as to how the money was sent a) In SO daily account b) In SO Slip c) In HO summary d) In treasurer cash book

Last Answer : b) In SO Slip

When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched b) Remittance if possible should be dispatched through special carrier. c) Where a second dispatch of mails is made, the remittance may be sent in a cash bag detailed in an extra SO slip and enclosed in an extra account bag. d) Both the A and B e) None of these

Description : When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched ... and enclosed in an extra account bag. d) Both the A and B e) None of these

Last Answer : d) Both the A and B

The amount noted for remittance to sender of VP article a) Can be altered free of cost at the request of the sender b) Can be altered on payment of prescribed fee at the request of the sender c) Can only recall the article d) None of these

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Last Answer : a) Can be altered free of cost at the request of the sender

Mark the correct option remittances sent by post a) When a remittance is to be sent by post, the money should be placed in Leather cash bag and cash sealed by treasure. b) The remittance advice and acknowledgement dispatch inside of Regd bag. c) When remittances is to be sent in charge of a special carrier, the amount should be made over to the carrier and he should be required to grant a receipt for the same in treasurer cash book. d) All the above

Description : Mark the correct option remittances sent by post a) When a remittance is to be sent by post, the money should be placed in Leather cash bag and cash sealed by treasure. b) The remittance advice and ... he should be required to grant a receipt for the same in treasurer cash book. d) All the above

Last Answer : d) All the above

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Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?

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Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

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)The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

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Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

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Last Answer : C. LORO Account Explanation: LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.

Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

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Last Answer : B. Vostro Account Explanation: Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as Vostro Account.

Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : A. Nostro Account Explanation: Nostro account refers to an account that a bank holds in a foreign currency in another bank.

Which of the following is not a foreign bank working in India 1. HSBC 2. Barclays 3. Yes Bank 4. Standard Chartered5. None of these

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________ set up for the purpose of financing, facilitating, and promoting foreign trade of India. A. Repco bank B. SBI C. EXIM bank D. HDFC

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Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. (c) To encourage private foreign investment and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Description : Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. ... and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Last Answer : (a) To arbitrate on international trade disputes.