The CAIIB exam is not just about clearing another paper it’s about strengthening your decision-making in real banking scenarios. For professionals handling treasury, forex, or trade-related operations, BFM (Bank Financial Management) becomes extremely practical. And when it comes to Module A, your understanding of international banking concepts can directly impact your performance.
If you are preparing for CAIIB BFM, regular practice is your biggest advantage. In this blog, you’ll get a complete understanding of the CAIIB BFM Module A practice quiz along with a free downloadable PDF to make your preparation structured and exam-ready.
Download CAIIB BFM Module A Practice Quiz PDF
Boost your CAIIB preparation with a structured and exam-focused practice PDF. It is designed to help banking professionals strengthen their understanding of international banking and practice effectively.
Attempt CAIIB BFM module A practice Quiz
Preparing for CAIIB BFM Module A requires a clear understanding of international banking concepts along with regular practice. Attempting practice quizzes is one of the most effective ways to test your knowledge, improve accuracy, and build confidence for the exam.
1. A resident individual in India wishes to remit money abroad for purchasing immovable property. Under FEMA, which of the following statements is correct regarding this transaction?
2. An Indian exporter enters into a forward contract to sell USD 1,00,000 at ₹84.50 per USD for delivery in 3 months. On the maturity date, the spot rate is ₹85.20. What is the gain or loss to the exporter compared to the spot rate on maturity?
3. Under UCP 600, if a Letter of Credit does not state whether it is revocable or irrevocable, how should it be treated by the bank?
4. A Nostro account is best described as:
5. Under the Liberalized Remittance Scheme (LRS), what is the maximum permissible limit for remittance by a resident individual in a single financial year?
6. An NRI wishes to open a bank account in India where the principal and interest are freely repatriable, the account is maintained in Indian Rupees, and interest income is exempt from Indian income tax. Which account type fits all these criteria?
7. The spot exchange rate is USD/INR 84.00/84.05, and GBP/USD is 1.2600/1.2610. What is the GBP/INR bid rate?
8. According to FEDAI guidelines, what is the maximum period for which an export forward contract can be booked without underlying exposure?
9. Which of the following is NOT a permissible remittance under LRS for a resident individual?
10. A bank in India receives documents under a sight LC. As per Article 14 of UCP 600, within how many banking days must the bank determine if the documents are complying?
11. An Indian importer has opened an LC for USD 5,00,000. The goods have been shipped but the documents presented have a discrepancy (wrong description of goods). The issuing bank:
12. In foreign exchange arithmetic, if the USD/INR rate is 84.50 and an Indian customer wants to buy USD 10,000, the bank will apply which rate and charge approximately how much INR?
13. Which of the following payment systems facilitates real-time gross settlement for large-value interbank transactions in India?
14. Under the External Commercial Borrowings (ECB) framework, which of the following is NOT a permissible end-use for ECB proceeds?
15. A buyer’s credit arrangement in import financing is best described as:
16. Under FEMA 1999, which authority has the power to compound contraventions related to foreign exchange transactions?
17. Which Incoterm requires the seller to deliver goods to the buyer’s named destination, bearing all costs and risks including import duties and clearance?
18. The Export Data Processing and Monitoring System (EDPMS) is maintained by:
19. A transferable LC has been issued for USD 1,00,000 in favour of a first beneficiary. The first beneficiary transfers USD 60,000 to a second beneficiary. As per UCP 600 Article 38, the second beneficiary:
20. Under the Gold Card Scheme for exporters in India, which category of exporters is eligible?
Quiz Summary
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What does CAIIB BFM module A cover?
CAIIB BFM Module A focuses on International Banking and Forex Management, helping you understand global banking operations and real-world financial transactions.
- Technology and digital developments in international banking
- Foreign exchange markets and rate determination
- Forex dealing, derivatives, and trading concepts
- Guidelines by Reserve Bank of India and Foreign Exchange Dealers Association of India
- Remittances, including Liberalized Remittance Scheme (LRS)
- Trade finance concepts like export and import financing
- Documentary Letter of Credit (LC) and its practical use
- Correspondent banking and NRI account operations
- External borrowings and foreign investments
- Regulatory framework under FEMA and global banking rules
Check: CAIIB BFM Important Topics
Why should you download CAIIB BFM module A practice quiz pdf?
A downloadable PDF gives you flexibility to practice anytime even during travel or short breaks at work.
- Concept-based MCQs for strong clarity
- Covers complete Module A syllabus
- Includes exam-level questions
- Helps in quick revision before exam
- Useful for last-day practice
Also Check: CAIIB Exam Date 2026
What are the benefits of practicing CAIIB BFM module A questions?
Regular practice improves both speed and confidence, which is crucial in CAIIB exams.
- Better Concept Clarity: Understand forex and trade logic clearly
- Improved Speed: Solve calculations and case-based questions faster
- Higher Accuracy: Reduce mistakes in tricky MCQs
- Exam Confidence: Familiarity reduces exam pressure
What are the important topics in CAIIB BFM module A?
Module A has high-weightage topics that are both conceptual and practical. These are frequently asked in exams.
| Topic | Key Points |
| Exchange Rate & Forex Business | Spot rate, forward rate, forex market participants, RBI guidelines |
| Liberalised Remittance Scheme (LRS) | Remittance limits, FEMA rules, TCS, reporting |
| Capital Account Transactions | Schedules, forex services, regulatory framework |
| Letter of Credit (LC) | Types, parties, operational flow, risk handling |
| Uniform Customs & Practices (UCP) | Key articles, application in trade finance |
| Export-Import Systems | Trade credit, export-import procedures, monitoring systems |
Also Attempt:
| Mock Tests | Link |
| CAIIB ABM Mock Test | Attempt Now |
| CAIIB BFM Mock Test | Attempt Now |
| CAIIB ABFM Mock Test | Attempt Now |
| CAIIB BRBL Mock Test | Attempt Now |
FAQs
It focuses on international banking and forex management concepts.
It includes forex, trade finance, remittances, and global banking regulations.
It helps in understanding real-world international banking operations.
Mostly concept-based, statement-based, and case-based MCQs.
Yes, especially from forex calculations and trade finance.
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