cdcs选择题

（二）选择题
1.Prior to advising a Documentary Credit to the beneficiary，the Advising Bank is responsible for：
A effecting payment against conforming documents
B checking the apparent authenticity of the Documentary Credit
C notifying the Issuing Bank that the Documentary Credit is being advised
D checking that the reimbursement method is effective
Answer:B
2. A Documentary Credit states that shipment must be made on or about 27 June. Which of the following shipment dates would be acceptable?
1.20 June
2.27 June
3.02 July
4.03 July
A 1 and 2 only
B 1 and 4 only
C 2 and 3 only
D 3 and 4 only
Answer: C
3.If an Exporter is willing to release the shipping documents directly to the buyer, but wishes to retain some guarantee of payment should the Buyer fail to on the due date, which of the following Documentary Credits BEST suits the exporter’s needs?
A Transferable
B Revolving
C Standby
D Evergreen
Answer: C
4. Where a Documentary Credit includes a shipping schedule and an installment is NOT shipped within the stipulates period, which of the following statements the Documentary Credit is correct?
A It continues to be available for that installment only.
B It continues to be available for that and other installments.
C It ceases to be available for that installment only.
D It ceases to be available for that and other installments.
Answer: D
5. A Marine Bill of Lading acts as:
1. an acknowledgement of receipt of the goods by the carrier
2. evidence of a contract of carriage
3. a document of title for the goods.
4. evidence of the contract between the seller and the forwarding agent.
A 1and 3 only
B 2and 4 only
C 1, 2 and 3 only
D 2, 3 and 4 only
Answer: C
6. Which Documentary Credit enables a beneficiary to obtain pre-shipment financing with impact on his facility?
A Transferable
B Red Clause
C Irrevocable, payable at sight
D Confirmed Irrevocable, payable at maturity.
Answer: B
7. Which of the following percentages represents the minimum insured value of goods on the insurance document unless otherwise stated in the documentary credit where the CIF/CIP value can be determined?
A 100%
B 105%
C 110%
D 115%
Answer: C
8. Which shipping term is appropriate when the seller will bear all risks and cost, including import duties, taxes and other charges on the quay, at a named place of destination?
A CIF
B DEQ
C DDP
D DES
Answer: C
9. Documents are presented in accordance with the terms of an Unconfirmed Documentary Credit payable at sight and the Nominated Bank chooses to negotiated them. Which of the following statements best describes the Nominated Bank’s actions?
1. Make immediate payment to the Beneficiary.
2. Effect payment on receipt of covering funds.
3. Present documents to the Issuing Bank.
4. Confirm sight to the Reimbursing Bank.
A 1 and 3 only.
B 1 and 4 only.
C 2 and 3 only.
D 2 and 4 only.
Answer: A
10.The Beneficiary of a Documentary Credit wishes to sue it as collateral to make payment to the supplier of the goods. Which of the following Documentary Credits could the Issuing Bank issue to m eet the Beneficiary’s needs?
A Transferable
B Back to back
C Standby
D Revolving.
Answer: B
11.In order to facilitate clearance of goods prior to presentation of documents under a
Documentary Credit, the Issuing Bank has issued an Airway Release against an Irrevocable Undertaking to pay from your customer. Subsequently, documents for this consignment are received and, upon examination, are found to be discrepant. The Issuing Bank should:
A Debit its cusomer’s account regardless of the discrepancies
B Contact its customer to obtain authority to waive the discrepancies.
C Advise the Presenting Bank that the Issuing Bank has released goods and will seek the applicant’s approval of the discrepancies.
D Forward a rejection notification to the Presenting Bank Stating all discrepancies.
Answer: A
12.A documentary Credit is received without a stipulation of whether partial shipments are allowed. Which of the following statements is applicable?
A They are allowed.
B Refer to the beneficiary
C They are prohibited
Answer: A
13.When a bank confirms an Irrevocable Transferable Documentary Credit it assumes the Credit risk of which party?
A The Applicant
B The Issuing Bank
C. The First Beneficiary.
D. the Second Beneficiay
Answer: B
14.When an Advising Bank has accepted a Time/Usance Draft under an Advised Documentary Credit, they are responsible for effecting payment at maturity when:
A they have received funds from the Issuing Bank
B they have received funds from the reimbursing Bank.
C the draft is verified by the Applicant.
D the draft is presented by the Beneficiary.
Answer: D
15. Delivery of goods has been made to the buyer on 08 October. The relevant documents were presented in order, including a CMR dated 15 days prior to delivery. The Documentary Credit terms state that payment is to be effected 30 days after shipment. On which date will payment be made?(There are NO bank holiday and Saturday and Sundays are NOT banking days.)
A Friday 22 October.
B Monday 25 October.
C Fiday 05 November
D Monday 08 November
Answer: B
16. The Confirming Bank receives documents on Friday 02 April and finds them to be in order on 05 April. Tenor is 30days after the Bill of Lading date. The Bill of Lading is dated 01 April, and the Confirming Bank agrees to pay the Beneficiary immediately. On what date would the Confirming Bank expect to receive funds from the Issuing Bank? (There are NO bank holiday and Saturday and Sundays are NOT banking days.)
A 05 April
B 12 April
C 30 April
D 03 May
Answer: D
17. If an Applicant requests that the Documentary Credit expires for presentation at the Issuing Bank with drafts drawn on the Issuing Bank 90 days after sight, how should the Documentary Credit be made available?
A By sight payment
B By deferred payment
C By acceptance
D By negotiation
Answer: C
18. A Documentary Credit that will become available for presentation of shipping documents to the Issuing Bank only after it has received and approved a performance guarantee is usually described as:
A Standby
B Revocable
C Inoperative
D Advance Payment.
Answer: C
19. In accordance with UCP, what is the maximum number of banking days(inclusive of presentation date) that a Confirming Bank is allowed to refuse the documents?
A One
B Three
C Seven
D Eight
Answer: D
20.What should an Advising Bank do if it receives a Documentary Credit from the Issuing Bank which includes the term ‘Transmissible’?
A Disregard the term
B Seek clarification
C Advise the Documentary Credit as Transferable
D Refuse to advise the Documentary Credit
Answer: A。