2012国际结算复习题.doc

1. New York is the clearing centre for ( A )A. USD B. GBP C.EUR D.HKD2. Documentary credit business is subject to ( A )A. UCP600 B.URC522 C. URDG758 D. ISP983. A cheque must be signed by （ A ）A.the drawer B the drawee C. the payer D. the payee4. The（ C ） of a promissory note assumes the prime liability to make payment of the note.A. holder B. drawee C. maker D. acceptor5. Collection business is subject to ( B )A. UCP600 B.URC522 C. URDG758 D. ISP986. Tokyo is the clearing centre for ( D )A. USD B. GBP C.EUR D.JPY7. TARGET is the electronic clearing system for ( C )A. USD B. GBP C.EUR D.JPY8. Among the following documents, the one which is not regarded as control documents is ( D )A. authorized signatures B. test keys C. schedule of terms and conditions D. correspondent arrangement9.（ A ） cheque can be cashed over the counter of paying bank.A. An open B. A crossed C. A general crossing D. A special crossing10. A （ B ）carries comparatively little risks and can be discounted at the finest rate of interest.A. sight bill B. bank bill C. time bill D. commercial bill11. A term bill may be accepted by the （ B ）A. drawer B. drawee C. holder D. payee12. The bill which must be presented for acceptance is （ B ）A. the bill payable at xx days after date B. the bill payable xx days after sight C. the bill payable on a fixed date D. the bill payable at sight13. An endorsement ,which prohibits the further negotiation of the instrument ,is called （ D ）endorsement . A. qualified B. general C. specific D. restrictive14. The （ B ）of the draft is the person who is instructed to make the payment . A. drawer B. drawee C. payer D. payee15. The act which is never involved in check business is （ C ） A.endorsement B.dishonor C.acceptance D.presentation16. The acceptor of a bill is the person who originally named as ( B ) of the bill.A. drawer B. drawee C.payee D.endorser17. The first endorser of a bill is the ( C ) of the billA. drawer B. drawee C.payee D.acceptor18. Which of the following is not a method of remittance? （ C ）A. M/T B. T/T C. T/R D. D/D19.In remittance business ,the remitting bank may send the payment order to the paying bank through SWIFT by ( A )A. MT103 B.MT202 C. MT400 D.MT700 20. In remittance business, if both remitting bank and paying bank maintain their A/Cs with a third bank, the reimbursement instruction should be given as ( C )A.in cover , we have credited your A/C with us B.in cover , please debit our A/C with you C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with themD.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank21. It will be more convenient if the collecting bank appointed by the seller （ B ） A. is a large bank B. is the remitting banks correspondent in the place of the importer C. is in the exporters country D. acts on the importers instructions22. In collection business, dedailed instructions must be sent to the collecting bank （ B ）A. in the application form B in the collection order C. in the documents D. in the sales contract23. In collection business, dedailed instructions must be given to the remitting bank （ A ）A. in the application form B in the collection order C. in the documents D. in the sales contract24. A bill of exchange which is accompanied by shipping documents is known as （ B ） A. a clean bill B. a documentary bill C. a clean collection D. a documentary collection25. All the parties to a collection are bound by （ C ）if the collection is subject to it.A. UCP500 B.UCP600 C. URC522 D.URDG75826. Which of the following is not the obligation of the collecting bank?（ B ）A.to verify the authenticity of the collection orderB. to take care of goodsC.to release documents strictly on the delivery terms of documents.D.to perform following all the instructions given by the remitting bank.27. Case of need in collection business is the representative of （ A ） A.the principal B.the remitting bank C.the collecting bank D.the drawee28. In L/C business , the exporter can receive the payment only when _C_A. he has shipped the goods B.he has presented the documents C.the documents presented constitute a complying presentation D.the importer has taken delivery of the goods.29. The issuing bank can refuse to pay the credit amount when _C_ A.the applicant prevents him from making payment B.the goods are not the same as those stipulated in the sales contract C.one kind of document required by L/C isnt presented. D.balance of the applicants account is not enough for payment .30. Of the following kinds of L/C, _D_is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman. A.non-transferable credit B.reciprocal credit C.revolving credit D.back to back credit31. Of the following kinds of L/C, _A_is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman. A. transferable credit B. reciprocal credit C. revolving credit D.confirmed credit 32. Of the following kinds of L/C, _C_is the L/C which is especially suitable for use to settle the payment under a long tern contract covering goods to be transported by regular partial shipments. A.non-transferable credit B.reciprocal credit C.revolving credit D.back to back credit33. 33. The second beneficiary of a transferable letter of credit is the ( D )A. middleman B. transferring bank C. the applicant of the transferred credit D. real supplier of the goods34. The first beneficiary of a transferable letter of credit is the ( A )A. middleman B. transferring bank C. the applicant of the transferred credit D. real supplier of the goods35. An applicant must reimburse an issuing bank unless he finds that ( D )A. goods are defectiveB. goods are not as ordered in the sales contractC. documents received do not allow him to clear the goods through customsD. documents do not conform on the face to the terms and conditions of the credit36. Under letter of credit, the primary debtor is the( C )A. applicant B. importer C. issuing bank D. nominated bank37. The beneficiary of letter of credit is ( A )A. the exporter B. the importer C. the exporters bank D. the importers bank38. Unless otherwise stipulated , banks will not accept ( D ) A.direct B/L B.order B/L C. liner B/L D.received for shipment B/L39. Commercial invoice must be made out in the name of ( B ) A.the beneficiary B.the applicantC.advising bank D.issuing bank40. If there is no indication in the credit of the insurance coverage required, the amount of insurance coverage must be at least ( C ) of the CIF or CIP value of the goods.A. 100% B.105% C. 110% D.120%41. London is the clearing centre for ( B )A. USD B. GBP C.EUR D.HKD42. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each? ( A )A.importer; exporter B. exporter; importer C. importer; importer D. exporter; exporter43. To the exporter, the fastest and safest method of settlement is ( B )A. letter of credit B. cash in advance C. open account D. bankers draft44. The collecting bank will make a protest only when （ C ）A. the documents are rejected B. the case of need is nominated C. instruction to protest is given by the collection order D. protective measures in respect of the goods are taken.45. In remittance business, if the remitting bank maintains an A/C with paying bank, the reimbursement instruction should be given as ( B )A.in cover , we have credited your A/C with us B.in cover , please debit our A/C with you C.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with themD.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank46. Of the following kinds of L/C , ( C ) is the L/C in which drafts are always required. A.sight payment credit B.deferred payment credit C.acceptance credit D.negotiation credit47. Of the following kinds of L/C, _B_is the L/C which is especially suitable for use to settle the payment under barter transaction. A.non-transferable credit B.reciprocal credit C.revolving credit D.back to back credit48. Which of the following payment method is based on commercial credit?( C )A.letter of credit B.bankers letter of guarantee C. collection D. standby credit49. Under D/A, the documents will not be delivered to the buyer until （ D ） A. the goods have arrived B. the documents have arrived C. the documents are presented to the buyer D. the bill is accepted by the buyer50. Which type of collection offers the greatest security to the exporter? （ B ）A. documents against acceptance collection B. documents against payment collection C. clean collection D. documentary collection51.Frankfurt is the clearing centre for ( C )A. USD B. GBP C.EUR D.HKD52. The draft with the tenor written as ( B ) must be presented for acceptance.A.payable at sight B. payable at 30days after sight C. payable at 30 days after date D. payable at 30 days after shipment date53. In collection business, banks are obligated to verify the documents received to see that （ C ） A. they are authentic B. they are regular C. they are the same as those listed in the collection instruction D. they are in the right form54. Under the anticipatory credit,on which party does the final responsibility lie for reimbursement if the terms and conditions are not fulfilled by the beneficiary? ( D )A. the issuing bank B. the advising bankC. the beneficiaryD. the applicant55. Unless otherwise stipulated , banks will not accept ( C )A.direct B/L B.order B/L C. unclean B/LD.liner B/L56. If the reimbursement instruction written on the payment order is expressed as in cover, please debit our A/C with you, the A/C relationship between the remitting bank and the paying bank must be( B )A. the paying bank maintains an A/C with remitting bank B. the remitting bank maintains an A/C with paying bankC. both remitting bank and paying bank maintain their A/Cs with a third bankD. remitting bank and paying bank have their A/Cs with two different banks57. The credit may only be confirmed if it is so authorized or requested by ( A )A. the issuing bank B. the supplierC. the advising bankD. the beneficiary58. The endorsement which has no intention to transfer the ownership of the instrument is ( D )A. blank endorsement B. special endorsement C. conditional endorsement D. endorsement for collection59. Under D/P, the documents will not be delivered to the buyer until （ D ） A. the goods have arrived B. the documents have arrived C. the documents are presented to the buyer D. the bill is paid by the buyer60. Confirmation of a credit may be given by （ B ）A. the beneficiary at the request of the importerB. the advising bank at the request of the issuing bankC. the advising bank after the receipt of correct documentationD. the issuing bank after the receipt of correct documentation61. The drawer of a draft drawn under letter of credit may be ( A )A. the beneficiary B. the applicant C. the issuing bank D. the negotiating bank62. The red clause credit is often used as a method of ( B )A. providing the buyer with funds prior to shipmentB. providing the seller with funds prior to shipmentC. providing the buyer with funds after shipmentD. providing the seller with funds after shipment63. CHIPS is the electronic clearing system for ( B )A.GBP B. USD C.CNY D. EUR64. In collection business, the drawee of the draft for collection is ( B )A. seller B. buyer C. remitting bank D. collecting bank65. The message type which is used to issue letter of credit through SWIFT is numbered ( A )A. 700 B. 705 C. 707 D. 71066. To the importer, the most favorable method of settlement is ( C )A.letter of credit B. cash in advance C. open account D. collection67. CHAPS is the electronic clearing system for ( A )A.GBP B. USD C.CNY D. EUR68. BOJ-NET is the electronic clearing system for ( D )A. USD B. GBP C.EUR D.JPY69. The seller should arrange for the insurance of the goods transportation under ( C )A.FOB B.CFR C.CIFD.EXW70. The means of authenticating payment order in telegraphic transfer is the（ C ）A. correspondent arrangement B. schedule of terms and conditions C. test key D. authorized signatures71. The instructions for collection are mainly （ D ）A. given in the S/C B. written on the bill of exchange C. given by the importer D. given by the exporter72. The applicant of letter of credit is ( B )A. the exporter B. the importer C. the exporters bank D. the importers bank73. A bill of lading doesnt function as ( D )A. a contract of transportation B. a receipt of goods C a certificate of title to the goods D. an accounting document74. If the bill is payable “60 days after date”, the date of payment is decided according to （ C ）A. the date of acceptance B. the date of presentation C. the date of issuance D. the date of maturity75. The means of authenticating payment order in mail transfer is the （ D ）A. SWIFT authentic key B. schedule of terms and conditions C. test key D. authorized signatures76. The party to whom the bill is addressed is called the（ B ）A. drawer B. drawee C. holder D. payee77. In collection business, the drawer of the draft for collection is ( A )A. seller B. buyer C. remitting bank D. collecting bank78. Of the following kinds of L/C , _B_is the L/C which require no drafts at all. A.sight payment credit B.deferred payment credit C.acceptance credit D.negotiation credit79. A check is a （ D ）draft drawn on a bank A. time B.usance C. direct D. demand80. The act which is never involved in promissory note business is （ C ） A.endorsement B.dishonor C.acceptance D.presentation实务操作题Please draw a draft according to the following materials:Native Product Imp.and Exp. Corporation Jiangsu branch sold some goods valued GBP54,000.00 to Polar Furs LTD,London. For settlement ,the exporter drew a draft on the importer on Feb 20, 2012, asking the