Professional Documents
Culture Documents
importers bank, East Bank. East Bank contacts the importer and
requests payment. How many Collecting Banks are there?
a. one
b. two
c. Three
d. None
5 In
a.
b.
c.
d.
10 The Key Group has asked their bankers ABC Bank to issue a
performance bond in favour of their customer Dubai Ports
Authority. Who is the Principal of this transaction?
a. Key Group
b. Dubai Ports Authority
c. ABC Bank
b. None
11 The presentation period of a letter of credit is :
a. The time interval between issue of a letter of credit and the latest
date when documents can be presented.
b. The time interval between the latest date of shipment and the latest
date when the documents can be presented.
c. The time interval between the actual date of shipment and the
latest date when the documents can be presented.
d. The time allowed after presentation for a bank to examine
documents and report its findings.
FOB London
(iii)
CIF London
Only (i)
(i) and (iii)
Only (iii)
Any of them
a.
3 months
b.
01 year
c.
06 years
d.
for ever
27.
(i)
(ii)
(iii)
(iv)
a.
b.
c.
d.
28.
1
1
2
3
Insurance
Insurance
Insurance
Insurance
and
and
and
and
2
4
3
4
only
only
only
only
a. Applicant
b. Beneficiary
c. Issuing Bank
d. Confirming Bank
29.
a. Traveller's Cheques
b. Documentary Credit
c. Traveller's Letter Of Credit
d. None of The Above.
30.
31.
Effective Sales
Agreement?
32.
33.
34.
10
35.
11
12