IIBF Forex Operations (CCFE) Mock Tests
CCFE is a single online paper of 100 MCQs for 100 marks in 2 hours, with no negative marking and a 50/100 pass mark, covering FEMA regulations, forex rates and risk, documentary credits (UCP 600) and export finance. Unlike CCP or CTP, there's no classroom-training stage, so the online paper is the whole exam. These mocks target the FEMA limits and UCP article numbers candidates most often mix up.
- Full-length mock exams on IIBF Forex Operations's actual online CBT pattern
- Real exam interface with the same timers and layout you'll see on exam day
- Weak & strong area analysis after every mock
- Exam readiness score that reflects your preparation level
You save ₹200 today
- 5 full-length mocks
- 553 questions, chapter by chapter
- Rate & risk calculations
One payment, no subscription · Valid for 2 months
Everything you need to actually improve
Daily Drills
A fresh, bite-sized set of questions every day - just enough to keep your streak and your speed alive.
Key Concepts
Key concepts, one card at a time - formulas, static GK and definitions, the stuff that's easy to forget between mocks.
Strong & Weak Analysis
Every attempt is broken down section by section, so you always know exactly what to fix next.
Bookmarks
Save any question you want to revisit - build your own revision set as you practise.
How IIBF Forex Operations is actually structured
CCFE is a single online remote-proctored exam of 100 MCQs for 100 marks in 2 hours, in English, with no negative marking. A minimum of 50/100 is required to pass, and there is no classroom-training component, so the digital certificate is issued directly after clearing the online paper. The syllabus runs to six modules: FEDAI rules and forex rates, FEMA provisions for individuals, FEMA provisions for entities, documentary and standby credits (UCP 600, ISBP, URDG), export finance, and the Foreign Trade Policy 2023. IIBF publishes no mark split between them.
Full syllabus coverage
Forex Markets, Rates & FEDAI
- check_circleFEDAI role and rules
- check_circleForeign exchange rates & risk management
- check_circleDealing code of conduct & governance
FEMA (Individuals & Entities)
- check_circleRemittance under LRS & NRI facilities
- check_circleImport/export of goods & services
- check_circleExternal Commercial Borrowings (ECB) & ODI
Documentary & Standby Credits
- check_circleUCP 600 & eUCP
- check_circleISBP and URDG 758
- check_circleINCOTERMS & URC 522
Export Finance
- check_circlePre-shipment & post-shipment finance
- check_circleInternational factoring & forfaiting
- check_circleExport Credit Guarantee Corporation (ECGC)
Foreign Trade Policy (FTP) 2023
- check_circlePolicy issues relevant to AD banks
- check_circleLatest FTP updates
Questions people ask
Who can take the IIBF CCFE (Forex Operations) exam?
Employees of Authorised Dealer (AD) member banks of FEDAI, bankers who handle or wish to handle foreign-exchange operations. No specific academic qualification is prescribed.
What is the pass mark for CCFE?
A minimum of 50 out of 100 marks in the single online paper, with no negative marking.
Does CCFE help increase my salary?
It carries no automatic increment, but it's an RBI-recommended credential that strengthens your case for forex-desk, trade-finance and AD-branch postings, specialist roles that typically pay more than general branch banking.
How difficult is CCFE compared to other IIBF certificates?
It's regarded as moderately difficult. Its 50% pass mark is lower than AML/KYC's 60%, but the syllabus is technical, spanning FEMA regulations, UCP 600 articles and rate mechanics, so candidates new to forex often need dedicated practice time.
How many attempts are allowed?
There is no attempt cap. Each attempt requires a fresh registration and fee, and exam dates are offered frequently through the year.
How long should I prepare for the CCFE exam?
Around 4 to 8 weeks is typical: one structured pass through FEDAI's courseware, your own summary notes on FEMA limits and UCP provisions, then regular MCQ drills. Practise free forex-operations questions and mock tests on PrepClever to test yourself under the 2-hour clock.
What does ₹99 unlock?
5 full-length mocks of 100 questions each, 553 practice questions drilled chapter by chapter across all six modules, and explained answers tied to the exact regulation or article tested. Mock 1 and chapter 1 are free to try before you pay.
Is IIBF membership required for CCFE?
Membership isn't the gate, employment with a FEDAI AD member bank is. Members and non-members from such banks can appear.
What does the CCFE syllabus cover?
Six modules: FEDAI rules and forex rates/risk, FEMA for individuals (LRS, NRI facilities), FEMA for entities (imports, exports, ECB, ODI), documentary credits (UCP 600, ISBP, URDG), export finance, and the Foreign Trade Policy 2023.
Is there classroom training for CCFE?
No. Unlike CCP or CTP, CCFE has no classroom-training component, the digital certificate is issued after clearing the online paper alone.
Get exam-ready for CCFE's FEMA and UCP 600 questions
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