Central Bank of India has invited applications from experienced professionals for the post of Forex Officer (Scale III). Here we are providing the detailed syllabus and exam pattern for the examination.
Online Examination Pattern
| Section | Questions | Marks | Duration |
|---|---|---|---|
| Stream / Professional Knowledge | 70 | 70 | 60 Minutes |
| Banking, Economy & GA | 30 | 30 | |
| Total | 100 | 100 |
No negative marking. Qualifying marks: 50% for General/EWS and 45% for SC/ST/OBC/PwBD.
Syllabus
Banking, Present Economic Scenario & General Awareness
Module A
Banking System- Commercial Banks, RRBs, Cooperative Banks
- Role of RBI, SEBI, IRDAI, PFRDA
- Basel III/ Basel IV (Basic Understanding)
- Financial Markets
- Monetary policy updates
Module B
Most Important- Last 6 month banking awareness
- Latest banking app, government schemes, mergers, appointments
Module C
Other credits- Export finance
- Priority sector lending
- Non-fund based Credit Facilities
- Government sponsored schemes
- Retail loans
Module D
Management of Impaired assets- Documentation
- IRAC norms
- Types of charges
- Management of impaired assets
- IBC 2016
- SARFAESI ACT
Module E
RBI circulars and related laws- RBI circulars (1 year)
- Companies act
- Contract act 1872
- Banking regulation 1949
- RBI act 1934
- Negotiable instruments act 1881
- Payment and settlement act 2007
FOREX Professional Knowledge
Module A
Basics of Foreign Exchange- Meaning and structure of Forex market
- Types of exchange rates: fixed, floating, pegged
- Spot, forward, swap transactions
- Bid–ask rate, spread, cross rates
- Appreciation vs depreciation
- Nostro, Vostro, Loro accounts
Module B
FEMA & Regulatory Framework- Objectives and scope of FEMA, 1999
- Capital account vs current account transactions
- Authorized Dealer Categories (AD-I, AD-II)
- Powers of RBI under FEMA
- Contraventions, penalties, compounding of offences
- Role of RBI, FEDAI, IBA in forex operations
Module C
Export–Import Trade Procedures- Export process: pre-shipment & post-shipment stages
- Import process: clean import, documentary import
- Role of IEC, AD bank, customs
- GR, SDF, SOFTEX forms
- Time limits for realization of export proceeds
- Advance remittance against imports
Module D
Documentary Credit (Letter of Credit)- Types of LCs: revocable, irrevocable, confirmed, transferable, revolving, standby
- Parties to LC
- LC lifecycle: issuance to settlement
- Discrepant documents and refusal of payment
- Reimbursement mechanisms
- Risks involved in LC transactions
Module E
Uniform Rules & International Guidelines- UCP 600 – structure and important articles
- ISBP 745 – document examination standards
- URC 522 – documentary collections
- URR 725 – reimbursement rules
- ISP 98 – standby LCs
Module F
Export Finance- Pre-shipment finance (packing credit)
- Post-shipment finance (negotiation, purchase, discounting of bills)
- ECGC coverage: policies, guarantees
- Interest rate structure for export credit
- Crystallization of export bills
Module G
Import Finance- Buyer’s credit vs supplier’s credit
- Deferred payment imports
- Usance bills and acceptance
- Role of EXIM Bank
- Guarantees for import transactions
Module H
Forex Risk Management- Types of risks: exchange, interest rate, country risk
- Hedging instruments: forwards, swaps, options
- Natural hedging
- Open position limits
- Role of ALM in forex books
Module I
- Treasury & International Banking
- Structure of bank treasury
- Forex dealing room operations
- Interbank market
- Clearing and settlement mechanisms
- SWIFT basics and message types (MT700, MT103, etc.)
Module J
Overseas Investment & ECB- ECB framework: automatic vs approval route
- End-use restrictions
- Trade credit guidelines
- ODI rules for Indian entities
- Guarantees and exposures
Module K
Compliance, AML & KYC in Forex- KYC norms for forex customers
- AML/CFT guidelines in international trade
- Red flag indicators in trade finance
- Trade-based money laundering (TBML)
- Role of FIU-IND
CBI Forex Officer Scale III Course
Team BankExamsToday offers a comprehensive course for CBI Forex & Marketing Officer exams.
- Daily Video Classes
- Study Material
- Live Sessions
- Unit Tests
- Interview Preparation
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