选择题集

1. International cash settlement has the following disadvantages except _______ .A. expensiveB. safeC. riskyD. time-consuming2. A check is valid for ______months from the date of issue, unless a shorter period is written on the face of it.A .six B. nine C. three D. one3. A______ carries comparatively little risks and can be discounted at the finest rate of interest.A. sight billB. bank draftC. commercial billD. trade bill4. _______must be accepted by the drawee before payment.A. A sight billB. A check payable at xx days after sightC.A promissory noteD.A bill payable at xx days after date5. If the paying bank opens a current account with the remitting bank, thereimbursement may be effected by ______.A. Instructing the paying bank to claim reimbursement from another branch of thesame bank or another bank with which the remitting bank opens an account.B. Debiting remitting bank’s nostro accountC. Instructing a reimbursing bank to pay the paying bank by debiting the remittingbank’s nostro account.D. Crediting vostro account of the paying bank.6. _____ is not a risk that the exporter assumes on documentary collection basis?A. Non-acceptance of merchandiseB. Harm to the reputation due to dishonorC. Exchange restrictionsD. Non-payment of trade acceptance7. A confirmed irrevocable letter of credit .A. carries the confirmation of the issuing bankB. always involves at least two banksC. is issued by the advising bankD. creates the highest level of security against sovereign risk8. __________is not included in the category of payment guaranteeA Deferred payment bondB Guarantee for compensation tradeC Loan guaranteeD Bid bond9. Which of the following details on the transferred credit may not be different to thatof the credit before transfer? .A. The shipping dateB. The expiry date of the creditC. The description of the goodsD. The name of the applicant10 Commercial invoice must be made out in the name of ___A. the applicantB. the beneficiaryC. the issuing bankD. the advising bank11. If a credit calls for an insurance policy, banks will accept_______.A. an insurance policyB. an insurance certificateC. both A and BD. open policy12.F o r f a i t i n g m a k e s t h e s e l l e r t o e vade various risks, except________A.interest-rate risk & currency risk,B. credit riskC. political risk;D. risks due to stop payment order received by the forfaitor in accordance withinternational convention13. Measures for a bank before issuing a credit except for_________A.Credit lineB.Importer’s creditworthinessC. Liquidity of the goodsD. Complying presentation14. Events regarding to handle trade financing difficulty under credit _____A. Negotiate restrictivelyB. Actions of the issuing bank and his/her customary operationC. Time credit exceeding at 180 daysD. All above1. Usually, foreign trade can be conducted on the following terms except for _________.A. open accountB. documentary collectionC. documentary creditD. public bonds1. International cash settlement has the following disadvantages except _______ .A. expensiveB. safeC. riskyD. time-consuming2. The person who pay money is a ______ of a check.A. payeeB. endorserC. drawerD. endorsee2. A check is valid for ______months from the date of issue, unless a shorter period is written on the face of it.A .six B. nine C. three D. one3. If a bill is payable “60 days after date”, the date of payment is decided according to_____.A. the date of acceptanceB. the date of presentationC. the date of the billD. the date of maturity3. A______ carries comparatively little risks and can be discounted at the finest rate of interest.A. sight billB. bank draftC. commercial billD. trade bill4. An acceptance with the wording “payable on delivery of bill of lading ” i s ______.A. a general acceptanceB. qualified acceptanceC. non acceptanceD. partial acceptance4. _______must be accepted by the drawee before payment.A. A sight billB. A check payable at ×× days after sightC.A promissory noteD.A bill payable at ×× days after date5.The same methods of transfer may be used both in advance payment and open account business except___________A. remitting the payment by a banker’s draftB. by mail transferC. by telegraphic transferD. reimbursement5. If the paying bank opens a current account with the remitting bank, the reimbursement may be effected by ______.A. Instructing the paying bank to claim reimbursement from another branch of thesame bank or another bank with which the remitting bank opens an account.B. Debiting remitting bank’s nostro accountC. Instructing a reimbursing bank to pay the paying bank by debiting the remittingbank’s nostro account.D. Crediting vostro account of the paying bank.6. ____________ offers the greatest security to the exporter?A. Documents against acceptanceB. Documents against paymentC. Clean collectionD. Acceptance D/P6. ___________ is not a risk that the exporter assumes on documentary collection basis?A. Non-acceptance of merchandiseB. Harm to the reputation due to dishonorC. Exchange restrictionsD. Non-payment of trade acceptance7. With an unconfirmed irrevocable letter of credit, .A. the terms and conditions can be amended or cancelled unilaterally by any partyB. only the exporter can amend the creditC. the advising bank transmits details without commitment to the beneficiaryD. the issuing bank has the ability to cancel the credit at any time7. A confirmed irrevocable letter of credit .A. carries the confirmation of the issuing bankB. always involves at least two banksC. is issued by the advising bankD. creates the highest level of security against sovereign risk8. A standby letter of credit .A. is never revokedB. is not a letter of creditC. is revoked in the event of non-compliance by buyer or seller with the terms of anoriginal creditD. is revoked in the event of non-compliance by buyer or seller with the terms ofthe sales contract.8. __________is not included in the category of payment guaranteeA Deferred payment bondB Guarantee for compensation tradeC Loan guaranteeD Bid bond9. The sum of the transferred credit will not be .A. the same as in the credit before transferB. less than in the creditbefore transferC. more than in the credit before transferD. equal to the original credit9. Which of the following details on the transferred credit may not be different to that of the credit before transfer? .A. The shipping dateB. The expiry date of the creditC. The description of the goodsD. The name of the applicant10 If a bill of lading is dated on March 15 ,2007 ,the insurance should be covered ___A. on March 15 ,2007B. before March 15 ,2007C after March 15, 2007D on or before March 15 ,200110 Commercial invoice must be made out in the name of ___A the applicantB the beneficiaryC the issuing bankD the advising bank11. A bank will not accept______.A. an insurance policyB. an insurance certificateC. an open coverD. a cover note11. If a credit calls for an insurance policy, banks will accept_______.A. an insurance policyB. an insurance certificateC. both A and BD. open policy12. The seller c an get assistance from the factor by latter’s providing an assessmentof the creditworthiness of the overseas buyers as well as by latter’s offering credit control and ____________A sales accountingB development of new marketsC international salesD bad debt protection12.F o r f a i t i n g m a k e s t h e s e l l e r t o e vade various risks, except________B.interest-rate risk & currency risk,C.credit riskD.political risk;D. risks due to stop payment order received by the forfeiters in accordance withinternational convention13. ___________ is not the obligation of the trustee?A. To arrange for the goods to be warehoused and insured in the trustee’s name.B. To pay all the proceeds of sale to the bank or to hold them on behalf of the bank.C. Not to put the goods in pledge to other persons.D. To settle claims of the bank prior to liquidation in case of the trustee’sbankruptcy.13. Measures for a bank before issuing a credit except for_________C.Credit lineD.Importer’s creditworthinessE.Liquidity of the goodsD. Complying presentation14. When the issuing bank decides to refuse to honor or negotiate, it must give a single notice to that effect to the presenter. The notice must stateexcept_______A.that the bank is refusing to honor or negotiate;B.each discrepancies in respect of which the bank refuses to honor ornegotiate;C.that the bank is holding the documents pending further instructions fromthe presenter; or that the issuing bank is holding the documents until it receives a waiver from the applicant and agrees to accept it, or receiving further instructions from the presenter prior to agreeing to accept a waiver, or that the bank is returning the documents; or that the bank is acting in accordance with instructions previously received from the presenter.D. The notice required to be given by telecommunication only.14. Events regarding to handle trade financing difficulty under credit _____A. Negotiate restrictivelyB. Actions of the issuing bank and his/her customary operationC. Time credit exceeding at 180 daysD. All above。