MCQ Bank
________ is also considered as statement for goods sold.
- A) Cargo certificate
- B) Bill of lading
- C) Fumigation certificate
- D) Commercial invoice
Which of the following is an important document required when exporter applies for registration of export contract with TDAP?
- A) Custom certificate
- B) Copy of NTN
- C) Copy of sales invoice
- D) Copy of certificate of origin
There are two types of self-assessment audits. One is adequacy audit and the other is:
- A) Compliance audit
- B) Complaint audit
- C) Control audit
- D) Directive audit
Agents are intermediary for exporters and take responsibility for a specific geographic area.
- A) True
- B) False
- C)
- D)
Agents and distributors must have direct access to target market.
- A) False
- B) True
- C)
- D)
Free on borad contracts are same as Ex-works contracts.
- A) False
- B) True
- C)
- D)
Which of the following ISO 9000 conformance standards deals with internal and external audit of quality management system?
- A) ISO 14000
- B) ISO 9001
- C) ISO 90011
- D) ISO 9004
When assessment is done by registrar in case on ISO certification, the first step is:
- A) Compliance audit
- B) Pre assessment
- C) Adequacy audit
- D) Corrective actions
Packing letter of credit is called:
- A) Post shipment letter of credit
- B) Red clause letter of credit
- C) Anticipatory letter of credit
- D) Green clause letter of credit
________ is considered as an important discrepancy that occurs when companies apply for export financing.
- A) Missing fingerprints
- B) Incomplete company profile
- C) Expired LC
- D) Form B does not match with provided documents
Export financing facilities are usually provided by:
- A) Credit agency
- B) Scheduled banks
- C) Insurance agency
- D) International Banks
Green clause letter of credit is usually used in:
- A) Agricultural business
- B) Industrial business
- C) Service industry
- D) Retailing
Standardized rebates are linked with:
- A) Ex work
- B) CFI
- C) CBR
- D) FOB
Which of the following is an important mode of international payments?
- A) Tangible account
- B) Salary account
- C) Open account
- D) Nominal account
Which of the following is an important document required for export financing?
- A) Audited accounts of competitors
- B) Company’s brochure
- C) Profile of importer
- D) Cash flow statements of competitors
Export financing institutions provide help in all of the following except:
- A) Marine insurance
- B) Letter of credit
- C) Performance bonds
- D) Guarantees
All of the following are considered as security/collateral for long term export financing except:
- A) Land and building
- B) Fixed assets
- C) Bonds
- D) Accounts receivables
_______ is usually double the loan value.
- A) Collateral
- B) Asset
- C) Short term credit
- D) Long term credit
All of the following are considered as security/collateral for short term export financing except:
- A) Finished goods
- B) Export commodities
- C) Stock of raw materials
- D) Export commodities
All of the following are kinds of letter of credit except:
- A) Post-shipment financing
- B) Packaging letter of credit
- C) Marginal letter of credit
- D) Anticipatory letter of credit