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 : 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 : 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
Last Answer : E. none of the above
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 : 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 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 : 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 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 : 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 : 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 : 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 : 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 : 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 : 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 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 : 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 : Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement
Last Answer : E. mutual agreement
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 : ______ 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 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
Description : 1. In which of the Five Year Plans, preference was given to the weaker sections of the society? 2. Which local wind is not characteristically hot and dry? 3. What was Tipu Sultan's major ... in which year? 20. In which state is the Rajiv Gandhi National Institute of Youth Development located?
Last Answer : Answer : 1. Fifth 2. Mistral 3. To promote trade and commerce 4. October 15 5. Liver 6. 1967 7. Underground water 8. Partition of Bengal in 1905 9. 7 10. 4 11. Industrialisation 12. Corrosion ... 15. Promotion of cottage industries 16. Crookes glass 17. 55 18. James Princep 19. 1966 20. Tamil Nadu
Description : The Grummond Group buys computer peripherals in industrialised countries and sells them to developing countries. Grummond would most likely be classified as a A)trading company. B)strategic alliance. C)joint venture. D)licensee. E)subsidiary.
Last Answer : A)trading company.
Description : Which of the following is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells ... Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products.
Last Answer : The British subsidiary of global insurance group Aviva develops a new product for the UK market
Description : You are adrift off the coast of Miami, Florida in the Gulf Stream. Where would you most likely land? w) Argentina x) Louisiana y) New York z) The British Isles
Last Answer : ANSWER: Z -- THE BRITISH ISLES
Description : Beats Electronics is a subsidiary of __________ that produces audio products. Headquartered in Culver City, California, U.S., the company was founded by music producer and rapper Dr. Dre. A. Google Inc. B. Microsoft C. Apple Inc. D. None of these
Last Answer : ANSWER: C
Description : As it places its order for truck tyres with Michelin, South Side Industrial Supply realises that it must also place an order for valve stems and balancing weights for the truck tyres. Here industrial products are characterised as having ____ demand. A)fluctuating B)inelastic C)derived D)joint
Last Answer : D)joint
Description : Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt
Last Answer : C. Demand Draft issued by a bank Explanation: A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee).
Description : What is the full form of RDA? A. Rupee Draft Arrangement B. Rupee Demand Arrangement C. Rupee Draw Arrangement D. Rupee Drawing Arrangement E. None of the Above
Last Answer : D. Rupee Drawing Arrangement Explanation: Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this arrangement, the Authorised Category I banks enter ... for a foreign (correspondent) bank. For the foreign bank it is a Nostro account.
Description : Which one is not an offline payment mode? a) Cash on delivery b) Cash before delivery c) Demand draft d) E-cheque
Last Answer : b) Cash before delivery
Description : Which of the Which of the following is following is the least the least likely decision likely decision to be made by made by Operations Operations Managers? a. How much How much capacity is ... a facility e. Designing and Designing and improving the improving the jobs of jobs of the workforce
Last Answer : . Deciding which market areas to manufacture products for
Description : Which one of the following products is most likely to have an inverted C -shaped demand curve? A)Wrangler jeans B)Georgio perfume C)Maxwell House coffee D)St Michael christmas cake E)Ford Sierra
Last Answer : B)Georgio perfume
Description : OSI model is a product of the Open Systems Interconnection effort at the ____: a) IBM b) ISO (International Organization for Standardization) c) WTO (World Trade Organziation) d) None of These
Last Answer : b) ISO (International Organization for Standardization)
Description : IBM Watson supercomputer comes under ____ AI. A. Narrow AI B. General AI C. Neural AI D. None of above
Last Answer : A. Narrow AI
Description : A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be ... expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.
Last Answer : D. On the 4th day after the day on which it is expressed to be payable.
Description : 'At sight' under section 21 of the Negotiable Instrument Act, 1881, means A. On presentation B. On demand C. On coming into vision D. None of the above.
Last Answer : A. On presentation
Description : Why Demand draft cannot be dishonoured?
Last Answer : Need answer
Description : Model registration fee payment can be done by... a. Demand draft c. Cash b. Online d. Both a & b
Last Answer : Both a & b
Description : One time company registration fee can be paid through a) demand draft c) both a) and b) b) online d) None of above
Last Answer : both a) and b)
Description : Payment of the fees can be made through a) cheque c) demand draft b) cash d) none of above
Last Answer : demand draft
Description : The taper provided on pattern for its easy & clean withdrawal from the mould is termed as the __________ allowance. (A) Casting (B) Pattern (C) Draft (D) Distortion
Last Answer : C) Draft
Description : When troubleshooting a console circuit card suspected of being faulty, first check for proper voltages to the card and then _______________. A. test transistors or integrated circuits for gain and ... D. de-energize the card and check the printed circuit traces for continuity with an ohmmeter
Last Answer : Answer: C
Description : Pick up the correct statement from the following: (A) An artificial barrier which makes the enclosed area safe for anchorage of ships, is known as break water (B) The break water whose inside is used ... wall is governed by the length of the largest vessel likely to be berthed (D) All the above
Last Answer : (D) All the above
Description : Which of the following is the most likely first step an auditor would perform at the beginning of an initial audit engagement? a. Prepare a rough draft of the financial statements and of ... and review the work of the predecessor auditor prior to discussing the engagement with the client management
Last Answer : Tour the client's facilities and review the general records