国际结算选择题(附答案解析)140题

国际结算选择题(附答案解析)140题
国际结算选择题(附答案解析)140题

Introduction

1. T o the exporter, the fastest and safest method of settlement is ( B )

A. letter of credit

B. cash in advance

C. open account

D. banker’s draft

2. T o the importer, the most favorable method of settlement is ( C )

A.letter of credit

B. cash in advance

C. open account

D. collection

3. Which of the following payment method is based on commercial credit?( C )

A.letter of credit

B.banker’s letter of guarantee

C. collection

D. standby credit

4. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each? ( A )

A.importer; exporter

B. exporter; importer

C. importer; importer

D. exporter; exporter

5. International cash settlement has the following disadvantages except ( B )

A. expensive

B. safe

C. risky

D. time-consuming

6. CHIPS is the electronic clearing system for ( B )

A.GBP

B. USD

https://www.360docs.net/doc/8811616114.html,Y

D. EUR

7. CHAPS is the electronic clearing system for ( A )

A.GBP

B. USD

https://www.360docs.net/doc/8811616114.html,Y

D. EUR

8. From a Chinese bank’s point of view , the current account it maintains abroad is known as ( A )

A. a nostro account

B. a vostro account

C. a current account

D.a home currency account

9. From a Chinese bank’s point of view , the current account maintained by a foreign bank with him is known as (B )

A.a nostro account

B.a vostro account

C.a current account

D.a foreign currency account

10. International trade settlement methods are used to complete the money transfer aroused by ( A)

A. goods transactions

B. services supply

C. current transfers

D. investment incomes

11. Documentary credit business is subject to ( A )

A. UCP600

B.URC522

C. URDG758

D. ISP98

12. Collection business is subject to ( B )

A. UCP600

B.URC522

C. URDG758

D. ISP98

13. Standby credit business is subject to ( D )

A. UCP600

B.URC522

C. URDG758

D. ISP98

14.Letter of guarantee business is subject to ( C )

A. UCP600

B.URC522

C. URDG758

D. ISP98

15. London is the clearing centre for ( B )

A. USD

B. GBP

C.EUR

D.HKD

16. New York is the clearing centre for ( A )

A. USD

B. GBP

C.EUR

D.HKD

17. T okyo is the clearing centre for ( D )

A. USD

B. GBP

C.EUR

D.JPY

18. Frankfurt is the clearing centre for ( C )

A. USD

B. GBP

C.EUR

D.HKD

19. There are totally ten categories of message types in SWIFT system, among which ( A ) are used only to deal with remittance business.

A. category 1

B. category 2

C. category 4

D. category 7

20. There are totally ten categories of message types in SWIFT system, among which ( C ) are used only to deal with collection business.

A. category 1

B. category 2

C. category 4

D. category 7

21. There are totally ten categories of message types in SWIFT system, among which ( D ) are used to deal with letter of credit business.

A. category 1

B. category 3

C. category 4

D. category 7

22. BOJ-NET is the electronic clearing system for ( D )

A. USD

B. GBP

C.EUR

D.JPY

23. TARGET is the electronic clearing system for ( C )

A. USD

B. GBP

C.EUR

D.JPY

24. CHATS is the electronic clearing system for ( D )

A. USD

B. GBP

C.EUR

D.HKD

25.Among the following documents, the one which is not regarded as control documents is ( D )

A. authorized signatures

B. test keys

C. schedule of terms and conditions

D. correspondent arrangement

26. The seller should arrange for the insurance of the goods transportation under

( C )

A.FOB

B.CFR

C.CIF

D.EXW

Negotiable instruments

27. A cheque must be signed by ( A )

A.the drawer B the drawee C. the payer D. the payee

28. If a cheque dated 1st Feb. 2007 was presented on (D ), it would be

post-dated.

A.1st Mar. 2007

B. 2nd May 2007

C. 1st Feb. 2008

D. 5th Jan.2007

29.( A )cheque can be cashed over the counter of paying bank.

A. An open

B. A crossed

C. A general crossing

D. A special crossing

30. The effect of a blank endorsement is to make the cheque payable to the (C )

A. specified person B, order of a specified person C. bearer D. named person

31. The role of the (A )bank is to debit the cheque to the customer’s account.

A. paying B, collecting C. advising D. confirming

32. If the bill is payable “60 days after date”, the date of payment is decided according to (C )

A. the date of acceptance

B. the date of presentation

C. the date of issuance

D. the date of maturity

33. A ( B )carries comparatively little risks and can be discounted at the finest rate of interest.

A. sight bill

B. bank bill

C. time bill

D. commercial bill

34. A term bill may be accepted by the (B )

A. drawer

B. drawee

C. holder

D. payee

35. The party to whom the bill is addressed is called the(B )

A. drawer

B. drawee

C. holder

D. payee

36. When financing is without recourse, this means that the bank has no recourse to the (D )if such drafts are dishonored.

A. payer

B. drawee

C. acceptor

D. drawer

37. The(C )of a promissory note assumes the prime liability to make payment of the note.

A. holder

B. drawee

C. maker

D. acceptor

38. The bill which must be presented for acceptance is (B )

A. the bill payable at xx days after date

B. the bill payable xx days after sight

C. the bill payable on a fixed date

D. the bill payable at sight

39. In order to retain the liabilities of the other parties, a bill that has been dishonored must be ( A )

A. protested

B. given to the acceptor

C. retained in the files

D. presented to a bank

40.(C )is not a holder of a bill

A. Payee

B. Endorsee

C. Drawer

D. Bearer

41. Which of the following is a relative essential item of a bill ?(B )

A. amount

B. tenor

C. payee

D. drawee

42. An endorsement ,which prohibits the further negotiation of the instrument ,is called (D )endorsement .

A. qualified

B. general

C. specific

D. restrictive

43. A check is a (D )draft drawn on a bank

A. time

https://www.360docs.net/doc/8811616114.html,ance

C. direct

D. demand

44. An acceptance with “payable on delivery of bill of lading”on the draft is (D )

A.general acceptance

B.partial acceptance

C.non-acceptance

D.qualified acceptance

45. The (B )of the draft is the person who is instructed to make the payment .

A. drawer

B. drawee

C. payer

D. payee

46. The act which is never involved in promissory note business is ( C )

A.endorsement

B.dishonor

C.acceptance

D.presentation

47. The act which is never involved in check business is ( C )

A.endorsement

B.dishonor

C.acceptance

D.presentation

48. The draft with the tenor written as ( B ) must be presented for acceptance.

A.payable at sight

B. payable at 30days after sight

C. payable at 30 days after date

D. payable at 30 days after shipment date

49. The endorsement which has no intention to transfer the ownership of the instrument is ( D )

A. blank endorsement

B. special endorsement

C. conditional endorsement

D. endorsement for collection

50. Among the following persons, the one who has the right to endorse negotiable instruments is ( D )

A. drawer

B. drawee

C. endorser

D. holder

51. The person who has the right of recourse is the ( C )of the negotiable instruments.

A. drawer

B. drawee

C. holder

D. acceptor

52. The acceptor of a bill is the person who originally named as ( B ) of the bill.

A. drawer

B. drawee

C.payee

D.endorser

53. The first endorser of a bill is the ( C ) of the bill

A. drawer

B. drawee

C.payee

D.acceptor

54. The first holder of a bill is the ( C ) of the bill

A. drawer

B. drawee

C.payee

D.acceptor

55. Among the following crossed cheques, the one which contains the words ( D ) is a special crossed cheque.

A. banker

B. not negotiable

C. A/C payee

D. Bank of China

Remittance

56. The means of authenticating payment order in mail transfer is the ( D )

A. SWIFT authentic key

B. schedule of terms and conditions

C. test key

D. authorized signatures

57. The means of authenticating payment order in telegraphic transfer is the( C )

A. correspondent arrangement

B. schedule of terms and conditions

C. test key

D. authorized signatures

58. Which of the following is not a method of remittance? ( C )

A. M/T

B. T/T

C. T/R

D. D/D

59. Open account as a payment method is usually used when ( D )

A.goods are sold under the seller’s market condition

B.goods are badly needed by the buyer

C.goods are of special standards or special specifications

D.goods are sold under the buyer’s market condition

60. In remittance business ,the remitting bank may send the payment order to the paying bank through SWIFT by ( A )

A. MT103

B.MT202

C. MT400

D.MT700

61. If the reimbursement instruction written on the payment order is expressed as ‘in cover , we have credited your A/C with us’, the A/C relationship between the remitting bank and the paying bank must be( A )

A. the paying bank maintains an A/C with remitting bank

B. the remitting bank maintains an A/C with paying bank

C. both remitting bank and paying bank maintain their A/Cs with a third bank

D. remitting bank and paying bank have their A/Cs with two different banks

62.If the reimbursement instruction written on the payment order is expressed as ‘in cover, please debit our A/C with you’, the A/C relationship between the remitting bank and the paying bank must be( B )

A. the paying bank maintains an A/C with remitting bank

B. the remitting bank maintains an A/C with paying bank

C. both remitting bank and paying bank maintain their A/Cs with a third bank

D. remitting bank and paying bank have their A/Cs with two different banks

63. If the reimbursement instruction written on the payment order is expressed as ‘in cover, we have authorized Bank A to debit our A/C and credit your A/C with them’, the A/C relationship between the remitting bank and the paying bank must be( C )

A. the paying bank maintains an A/C with remitting bank

B. the remitting bank maintains an A/C with paying bank

C. both remitting bank and paying bank maintain their A/Cs with a third bank

D. remitting bank and paying bank have their A/Cs with two different banks

64. If the reimbursement instruction written on the payment order is expressed as ‘in cover, we have instructed Bank X to transfer the proceeds to your A/C with bank Y’, the A/C relationship between the remitting bank and the paying bank must be ( D )

A. the paying bank maintains an A/C with remitting bank

B. the remitting bank maintains an A/C with paying bank

C. both remitting bank and paying bank maintain their A/Cs with a third bank

D. remitting bank and paying bank have their A/Cs with two different banks

65. In remittance business, if the paying bank maintains an A/C with remitting bank, the reimbursement instruction should be given as ( A )

A.in cover , we have credited your A/C with us

B.in cover , please debit our A/C with you

C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with them

D.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank

66. In remittance business, if the remitting bank maintains an A/C with paying bank, the reimbursement instruction should be given as ( B )

A.in cover , we have credited your A/C with us

B.in cover , please debit our A/C with you

C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with them

D.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank

67.In remittance business, if both remitting bank and paying bank maintain their A/Cs with a third bank, the reimbursement instruction should be given as ( C )

A.in cover , we have credited your A/C with us

B.in cover , please debit our A/C with you

C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with them

D.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank

68. In remittance business, if remitting bank and paying bank have their A/Cs with two different banks, the reimbursement instruction should be given as ( D ) A.in cover , we have credited your A/C with us

B.in cover , please debit our A/C with you

C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with them

D.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank Collection

69. It will be more convenient if the collecting bank appointed by the seller ( B )

A. is a large bank

B. is the remitting bank’s correspondent in the place of the importer

C. is in the exporter’s country

D. acts on the importer’s instructions

70. Under D/P, the documents will not be delivered to the buyer until ( D )

A. the goods have arrived

B. the documents have arrived

C. the documents are presented to the buyer

D. the bill is paid by the buyer

71. Under D/A, the documents will not be delivered to the buyer until (D )

A. the goods have arrived

B. the documents have arrived

C. the documents are presented to the buyer

D. the bill is accepted by the buyer

72. In collection business, dedailed instructions must be sent to the collecting bank ( B )

A. in the application form

B in the collection order

C. in the documents

D. in the sales contract

73. In collection business, dedailed instructions must be given to the remitting bank ( A )

A. in the application form

B in the collection order

C. in the documents

D. in the sales contract

74. In collection business, banks are obligated to verify the documents received to see that (C )

A. they are authentic

B. they are regular

C. they are the same as those listed in the collection instruction

D. they are in the right form

75. The collecting bank will make a protest only when ( C )

A. the documents are rejected

B. the case of need is nominated

C. instruction to protest is given by the collection order

D. protective measures in respect of the goods are taken.

76. All the parties to a collection are bound by (C )if the collection is subject to it.

A. UCP500

B.UCP600

C. URC522

D.URDG758

77. A bill of exchange which is accompanied by shipping documents is known as ( B )

A. a clean bill

B. a documentary bill

C. a clean collection

D. a documentary collection

78. In documentary collection, after the goods have been shipped, the exporter presents the documents to ( B )for collection

A. the collecting bank

B. the reimbursing bank

C. the remitting bank

D. the opening bank

79. The instructions for collection are mainly (D )

A. given in the S/C

B. written on the bill of exchange

C. given by the importer

D. given by the exporter

80. Which type of collection offers the greatest security to the exporter? ( B )

A. documents against acceptance collection

B. documents against payment collection

C. clean collection

D. documentary collection

81. Which of the following is not the obligation of the remitting bank?(D )

A. to complete a collection order strictly according to the principal’s instructions.

B. to perform following all the instructions given by the principal.

C. to keep the documents well

D. to examine the contents of documents in detail

82. Which of the following is not the obligation of the collecting bank?(B )

A.to verify the authenticity of the collection order

B. to take care of goods

C.to release documents strictly on the delivery terms of documents.

D.to perform following all the instructions given by the remitting bank.

83. Case of need in collection business is the representative of (A )

A.the principal

B.the remitting bank

C.the collecting bank

D.the drawee

84.In collection business, the drawer of the draft for collection is ( A )

A. seller

B. buyer

C. remitting bank

D. collecting bank

85. In collection business, the drawee of the draft for collection is ( B )

A. seller

B. buyer

C. remitting bank

D. collecting bank

86. If the collection instruction given by the principal specifies that collection charges are to be borne by the drawee but with no express statement that they may

be waived , charges will be for the account of ( A ) providing the drawee refuses to pay them.

A. principal

B. remitting bank

C. collecting bank

D. presenting bank

87. The advice of payment sent by the collecting bank to remitting bank through SWIFT takes the form as ( A )

A. MT400

B. MT410

C.MT412

D.MT416

88. The advice of acceptance sent by the collecting bank to remitting bank through SWIFT takes the form as ( C )

A. MT400

B. MT410

C.MT412

D.MT416

89. The advice of dishonor sent by the collecting bank to remitting bank through SWIFT takes the form as ( D )

A. MT400

B. MT410

C.MT412

D.MT416

90.The price term which is more favorable to the seller under collection is ( D )

A. EXW

B. FOB

C. CFR

D. CIF

Letter of credit

91. In L/C business , the exporter can receive the payment only when

__C____

A. he has shipped the goods

B.he has presented the documents

C.the documents presented constitute a complying presentation

D.the importer has taken delivery of the goods.

92. The issuing bank can refuse to pay the credit amount when ____C___

A.the applicant prevents him from making payment

B.the goods are not the same as those stipulated in the sales contract

C.one kind of document required by L/C isn’t presented.

D.balance of the applicant’s account is not enough for payment .

93. Of the following kinds of L/C , __B_____is the L/C which require no drafts at all.

A.sight payment credit

B.deferred payment credit

C.acceptance credit

D.negotiation credit

94. Of the following kinds of L/C , ( C ) is the L/C in which drafts are always required.

A.sight payment credit

B.deferred payment credit

C.acceptance credit

D.negotiation credit

95. Of the following kinds of L/C, ____D___is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman.

A.non-transferable credit

B.reciprocal credit

C.revolving credit

D.back to back credit

96. Of the following kinds of L/C, ___A___is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman.

A. transferable credit

B. reciprocal credit

C. revolving credit

D.confirmed credit

97 Of the following kinds of L/C, ____C___is the L/C which is especially suitable for use to settle the payment under a long tern contract covering goods to be transported by regular partial shipments.

A.non-transferable credit

B.reciprocal credit

C.revolving credit

D.back to back credit

98.Of the following kinds of L/C, ____B___is the L/C which is especially suitable for use to settle the payment under barter transaction.

A.non-transferable credit

B.reciprocal credit

C.revolving credit

D.back to back credit

99. Confirmation of a credit may be given by B

A. the beneficiary at the request of the importer

B. the advising bank at the request of the issuing bank

C. the advising bank after the receipt of correct documentation

D. the issuing bank after the receipt of correct documentation

100. The credit may only be confirmed if it is so authorized or requested by ( A )

A. the issuing bank

B. the supplier

C. the advising bank

D. the beneficiary

101. The beneficiary of a transferred credit is ( C )

A. the negotiating bank

B. the middleman

C. the actual supplier

D. the beneficiary of the transferable credit

102. The second beneficiary of a transferable letter of credit is the ( D )

A. middleman

B. transferring bank

C. the applicant of the transferred credit

D. real supplier of the goods

103. The first beneficiary of a transferable letter of credit is the ( A )

A. middleman

B. transferring bank

C. the applicant of the transferred credit

D. real supplier of the goods

104. The sum of the transferred credit will normally be ( B )

A. the same as in the credit before transfer

B. less than in the credit before transfer

C. more than in the credit before transfer

D. equal to the original credit

105. The terms and conditions of the transferred credit can be different from the original credit in the following aspects, with the exception

of( C ).

A.the amount of the credit

B.any unit price stated in the credit

C.any quantity stated in the credit

D. the expiry date, the period for presentation, or the latest shipment date

106. Under the anticipatory credit,on which party does the final responsibility lie for reimbursement if the terms and conditions are not fulfilled by the beneficiary? ( D )

A. the issuing bank

B. the advising bank

C. the beneficiary

D. the applicant

107. The red clause credit is often used as a method of ( B )

A. providing the buyer with funds prior to shipment

B. providing the seller with funds prior to shipment

C. providing the buyer with funds after shipment

D. providing the seller with funds after shipment

108. An applicant must reimburse an issuing bank unless he finds that ( D )

A. goods are defective

B. goods are not as ordered in the sales contract

C. documents received do not allow him to clear the goods through customs

D. documents do not conform on the face to the terms and conditions of the credit

109. Application for any amendment to a letter of credit should be given to the issuing bank by ( A )

A. the applicant

B. the beneficiary

C. the advising bank

D. the nominated bank

国际结算选择题

12国贸国际信贷与结算期末考试复习题 一、不定项选择题(多选、错选、漏选都不得分,一共 30题,每题1.5分,共45分) 1.汇票抬头的写法有—— A. 限制性抬头 B. 指示性抬头 C. 指定性抬头 D. 来人抬头 2.出口信用证的融资方式有—。 A.汇票贴现 B. 红条款信用证 C.出口押汇 D. 打包放款。 3.领事发票的作用是—— A.代替产地证明书 B.代替进口许可证 C.防止进口商品倾销 D.增加领事馆收入 4.对开信用证在——贸易方式下运用较多。 A补偿贸易 B. 赊销方式 C.预付货款 D. 来料加工 5.在托收业务中出口商为避免风险,最好—— A.在外国有自己的机构 B.派人亲自前往查看 C.成交前做好对进口商的调查工作 D.事前在进口国找好代理人 6.普惠制的目的是—— A.增加发展中国家的出口能力 B.增加发展中国家的进口能力 C.促进发展中国家工业化 D.加速发展中国家的经济发展 7.不可撤销信用证如果需要修改或撤销必须经——的明确同意。 A.受益人 B.议付行 C.保兑行 D.开证行 8.汇票进入流通以前的基本当事人有—— A.出票人 B.背书人 C.付款人 D.收款人 9.在国际结算中,银行充当—— A.收款人 B.保证人 C.付款人 D.中介人 10.建立在商业信用基础上的结算方式是—— A.信用证 B.汇款 C.托收 D.贴现 11. 从收汇观点上看,旅游外汇的来源如下—— A. 旅行社收入 B. 电信收入 C. 旅馆、酒店及运输收入 D. 商店销售商品及纪念品、土特产品收入 12. 下列项目中,在我国被认为是非贸易外汇收支的是()。 A、图书进出口 B、邮票进出口 C、设备进出口 D、出入境旅游 E、劳务进出口 13.银行卡的功能有()。 A、取现 B、消费 C、透支 D、代交水电费 E、代发工资 14.银行保函可以解决交易中存在的如下问题()。 A、买方怀疑卖方的交货能力 B、卖方怀疑买方的支付能力 C、预付和迟付的矛盾 D、在合约的执行过程中,因一方的违约导致另一方的损失 E、买卖双方的资金不足 15.目前,世界各国的票据法基本上分属()两大票据法系。 A、英美票据法体系 B、欧洲大陆票据法体系 C、日内瓦统一票据法

英语第六段选择题问题详解版

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