Description : In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading
Last Answer : D. buy-back agreement
Description : Which of the following is not a form of countertrade? A. barter B. consignment C. switch trading D. counterpurchase E. compensation agreement
Last Answer : B. consignment
Description : Buying a company's accounts receivable on a nonrecourse basis is known as _____. A. switch trading B. financing C. factoring D. funding E. free trade
Last Answer : C. factoring
Description : When exporting some common pitfalls include: A. failure to use an export management company B. failure to print service, sales, and warranty messages in local languages C. chasing orders around the ... orderly growth D. failure to consider licensing or joint venture agreements E. all of the above
Last Answer : E. all of the above
Description : ______ risk is the potential exchange loss from outstanding obligations as a result of exchange-rate fluctuations. A. Trade B. Exchange C. Finance D. Noncompletion E. Transaction
Last Answer : E. Transaction
Description : Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above
Last Answer : A. a check for the value of goods
Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above
Last Answer : E. none of the above
Description : The “three C’s” of international commerce are: A. customers B. commitment C. currency D. cultural sensitivity E. A, B, and D
Last Answer : C. currency
Description : Which of the following is not necessarily a party to a forfaiting transaction? A. exporter B. importer C. broker D. bank E. forfaiter
Last Answer : C. broker
Description : Which of the following is not a form of offset agreements? A. coproduction B. licensed production C. subcontractor production D. cash in advance E. technology transfer
Last Answer : D. cash in advance
Description : Which of the following is not true of a consular invoice? A. provides customs officials with all information B. facilitates easy customs clearance C. helps customs officials assess duties D. issued by the consulate of the exporting country E. it is not a title to the goods
Last Answer : D. issued by the consulate of the exporting country
Description : A document that contains a precise description of the goods is known as a _____. A. weight list B. packing list C. commercial invoice D. certificate of origin E. consular invoice
Last Answer : C. commercial invoice
Description : A commercial invoice is issued by _____. A. exporter B. exporter's bank C. importer D. importer's bank E. confirming bank
Last Answer : A. exporter
Description : Which of the following documents should necessarily accompany a draft? A. certificate of origin B. weight list C. packing list D. inspection certificate E. none of the above
Description : Which of the following may be required as additional documents in a letter of credit? A. commercial invoice B. insurance document C. consular invoice D. certificate of origin E. all of the above
Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed
Last Answer : E. confirmed
Description : If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean
Last Answer : B. irrevocable
Description : Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency
Last Answer : C. at the request of the exporter
Description : A(n) _____ bill of lading does not guarantee that the goods have been loaded on the vessel. A. on-board B. foul C. received-for-shipment D. straight E. order
Last Answer : C. received-for-shipment
Description : If a carrier is instructed to deliver goods to an importer, a _____ bill of lading is used. A.straight B. order C. documentary D. on-board E. clean
Last Answer : A.straight
Description : When IBM ships products to its subsidiary in Argentina, it will most likely use a ____ draft. A. sight B. clean C. D/P D. demand E. all of the above
Last Answer : B. clean
Description : Documentary drafts require various shipping documents such as ____. A. bills of lading B. insurance certificates C. commercial invoices D. A and B E. A, B, and C
Last Answer : E. A, B, and C
Description : If a draft is accepted by a bank, it becomes a _____. A. valid draft B. demand draft C. usance draft D. banker's acceptance E. drawee's acceptance
Last Answer : D. banker's acceptance
Description : If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above
Last Answer : D. anyone who presents the draft
Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer
Last Answer : B. must contain a promise to pay a certain sum if goods are received
Description : Foreign exchange risk can be reduced by using _____. A. forward contracts B. futures contracts C. currency options D. currency denomination E. all of the above
Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.
Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank
Description : What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. ... of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.
Last Answer : D)They are different terms for the concept of price.
Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?
Last Answer : c
Description : A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these
Last Answer : where there are no customs duties
Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.
Last Answer : Terms of trade
Description : Right of Way Agreement-Mutual?
Last Answer : Right of Way Agreement--Mutual(Download)This is a Right of Way Agreement between ______________ ( First Party ), of ____________________ relating to the property at _____________________ and ... way over their properties;NOW THEREFORE in consideration of the mutual covenants and conditions hereinaf
Description : An analysis of the economic segment of the external environment would include all of the following EXCEPT …. A. Interest rates. B. International trade tariffs C. Strength of the U.S. dollar. D. Move toward a contingent outsourcing workforce.
Last Answer : Move toward a contingent outsourcing workforce.
Description : Component 'C' in section 'I' shown in the illustration represent ____________. EL-0093 A. a selectable holding coil arrangement B. a 'fuse blown' indicator circuit C. 'reset' and 'trouble' lamps D. a handset with switch and voice elements
Last Answer : Answer: D
Description : The Shirt Company utilises a push strategy to sell the Ecoshirt line. Its basic promotional tool is discount. These discounts offered to middlemen are referred to as ___ discounts. A)trade B)cumulative C)noncumulative D)quality E)middlemen
Last Answer : A)trade
Description : A rigid body is suspended vertically at a point and oscillates with a small amplitude under the action of the force of gravity. Such an arrangement is called a.Simple pendulum b.Rigid pendulum c.Second's pendulum d.Compound pendulum e.Newton's pendulum
Last Answer : d. Compound pendulum
Description : For process boilers , combustion air fans must meet the following requirements ___ a. The fan motor shall be driven by a variable speed drive b. The fan motor shall include controls that limit the fan motor demand to no more than 30 %. c. Both a. & b. d. None of the above
Last Answer : c. Both a. & b.
Description : ___ sensors include thermocouples, thermistors, resistor temperature detectors (RTDs) and integratd circuits (ICs). A. Smoke Sensor B. Temperature Sensor C. IR Sensor D. Proximity Sensor
Last Answer : B. Temperature Sensor
Description : Nawaz Sharif proposed a new peace initiative with india starting with implementation of Four measures relating to cease-fire along the LOC, non-use of force or threat to use force, demilitarization ... Creek dispute B. Wuller Barrage C. Withdrawal of forces from Siachin D. Normalisation of trade
Last Answer : ANSWER: C
Description : Whoever, being bound by law to render or furnish assistance to any public servant in the execution of his public duty, intentionally omits to give such assistance, shall be punished with simple imprisonment for ... hundred b) Three month, five hundred c) One month, two hundred d) None of these
Last Answer : c) One month, two hundred
Description : Which Indian bank has signed an agreement with Thailand‟s Kasikorn Bank to enhance cooperation in trade and investment? A) State Bank of India B) Yes Bank C) Canara Bank D) Axis Bank E) Union Bank of India
Last Answer : D) Axis Bank Explanation: The MoU will serve to strengthen existing ties between the two banks and will help facilitate and enhance cooperation in the areas of trade, investment and other businesses The ... as the Thailand Prime Minister Prayut Chan-o-cha is on a three-day visit to India.
Description : Milk is a good source of all water-soluble vitamins except for ___ a) Cyanocobalamin b) Riboflavin c) Ascorbic Acid d) Thiamine
Last Answer : c) Ascorbic Acid
Description : Which of the following is the clearing agency for Government securities? A. RBI B. GOI C. CCIL D. SEBI E. None of the Above
Last Answer : C. CCIL Explanation: The CCIL is the clearing agency for Government securities. It acts as a Central Counter Party (CCP) for all transactions in Government securities by interposing itself between two counter parties.
Description : Which of the following statements correctly defines the term Transhumance'? a. Economy that solely depends on animals b. Farming in which only one crop is cultivated by clearing hill tops c. Practice ... Seasonal Migration of people with their animals up and down the mountains. e. None of the above
Last Answer : d. Seasonal Migration of people with their animals up and down the mountains.
Description : The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.
Last Answer : D)barter.
Description : What to Include in a Lease Agreement?
Last Answer : If you're leasing a piece of property to an individual or a business, it's more important than ever to protect your legal interests. From damage to your property to missed payments, leasing ... may cause the property owner to incur fees from the city or county where the property is registered.
Description : Is this new 90-day trade agreement with China a nothingburger?
Last Answer : I don't think it's a nothingburger (funny word), but rather negotiations. To be very honest, this could be extremely important to the US. To summarize: China and the United States agreed to halt ... both parties agreed that the 10 percent tariffs will be raised to 25 percent, the White House said.