国际结算选择题(附答案)140题

Introduction 1 To the exporter the fastest and safest method of settlement is B A letter of credit B cash in advance C open account D banker s draft 2 To the importer the most favorable method of settlement is C A letter of credit B cash in advance C open account D collection 3 Which of the following payment method is based on commercial credit C A letter of credit B banker s letter of guarantee C collection D standby credit 4 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 exporter 5 International cash settlement has the following disadvantages except B A expensive B safe C risky D time consuming 6 CHIPS is the electronic clearing system for B A GBP B USD C CNY D EUR 7 CHAPS is the electronic clearing system for A A GBP B USD C CNY D EUR 8 From a Chinese bank s point of view the current account it maintains abroad is known as A A a nostro account B a vostro account C a current account D a home currency account 9 From a Chinese bank s point of view the current account maintained by a foreign bank with him is known as B A a nostro account B a vostro account C a current account D a foreign currency account 10 International trade settlement methods are used to complete the money transfer aroused by A A goods transactions B services supply C current transfers D investment incomes 11 Documentary credit business is subject to A A UCP600 B URC522 C URDG758 D ISP98 12 Collection business is subject to B A UCP600 B URC522 C URDG758 D ISP98 13 Standby credit business is subject to D A UCP600 B URC522 C URDG758 D ISP98 14 Letter of guarantee business is subject to C A UCP600 B URC522 C URDG758 D ISP98 15 London is the clearing centre for B A USD B GBP C EUR D HKD 16 New York is the clearing centre for A A USD B GBP C EUR D HKD 17 Tokyo is the clearing centre for D A USD B GBP C EUR D JPY 18 Frankfurt is the clearing centre for C A USD B GBP C EUR D HKD 19 There are totally ten categories of message types in SWIFT system among which A are used only to deal with remittance business A category 1 B category 2 C category 4 D category 7 20 There are totally ten categories of message types in SWIFT system among which C are used only to deal with collection business A category 1 B category 2 C category 4 D category 7 21 There are totally ten categories of message types in SWIFT system among which D are used to deal with letter of credit business A category 1 B category 3 C category 4 D category 7 22 BOJ NET is the electronic clearing system for D A USD B GBP C EUR D JPY 23 TARGET is the electronic clearing system for C A USD B GBP C EUR D JPY 24 CHATS is the electronic clearing system for D A USD B GBP C EUR D HKD 25 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 arrangement 26 The seller should arrange for the insurance of the goods transportation under C A FOB B CFR C CIF D EXW Negotiable instruments 27 A cheque must be signed by A A the drawer B the drawee C the payer D the payee 28 If a cheque dated 1st Feb 2007 was presented on D it would be post dated A 1st Mar 2007 B 2nd May 2007 C 1st Feb 2008 D 5th Jan 2007 29 A cheque can be cashed over the counter of paying bank A An open B A crossed C A general crossing D A special crossing 30 The effect of a blank endorsement is to make the cheque payable to the C A specified person B order of a specified person C bearer D named person 31 The role of the A bank is to debit the cheque to the customer s account A paying B collecting C advising D confirming 32 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 maturity 33 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 bill 34 A term bill may be accepted by the B A drawer B drawee C holder D payee 35 The party to whom the bill is addressed is called the B A drawer B drawee C holder D payee 36 When financing is without recourse this means that the bank has no recourse to the D if such drafts are dishonored A payer B drawee C acceptor D drawer 37 The C of a promissory note assumes the prime liability to make payment of the note A holder B drawee C maker D acceptor 38 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 sight 39 In order to retain the liabilities of the other parties a bill that has been dishonored must be A A protested B given to the acceptor C retained in the files D presented to a bank 40 C is not a holder of a bill A Payee B Endorsee C Drawer D Bearer 41 Which of the following is a relative essential item of a bill B A amount B tenor C payee D drawee 42 An endorsement which prohibits the further negotiation of the instrument is called D endorsement A qualified B general C specific D restrictive 43 A check is a D draft drawn on a bank A time B usance C direct D demand 44 An acceptance with payable on delivery of bill of lading on the draft is D A general acceptance B partial acceptance C non acceptance D qualified acceptance 45 The B of the draft is the person who is instructed to make the payment A drawer B drawee C payer D payee 46 The act which is never involved in promissory note business is C A endorsement B dishonor C acceptance D presentation 47 The act which is never involved in check business is C A endorsement B dishonor C acceptance D presentation 48 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 date 49 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 collection 50 Among the following persons the one who has the right to endorse negotiable instruments is D A drawer B drawee C endorser D holder 51 The person who has the right of recourse is the C of the negotiable instruments A drawer B drawee C holder D acceptor 52 The acceptor of a bill is the person who originally named as B of the bill A drawer B drawee C payee D endorser 53 The first endorser of a bill is the C of the bill A drawer B drawee C payee D acceptor 54 The first holder of a bill is the C of the bill A drawer B drawee C payee D acceptor 55 Among the following crossed cheques the one which contains the words D is a special crossed cheque A banker B not negotiable C A C payee D Bank of China Remittance 56 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 signatures 57 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 signatures 58 Which of the following is not a method of remittance C A M T B T T C T R D D D 59 Open account as a payment method is usually used when D A goods are sold under the seller s market condition B goods are badly needed by the buyer C goods are of special standards or special specifications D goods are sold under the buyer s market condition 60 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 61 If the reimbursement instruction written on the payment order is expressed as in cover we have credited your A C with us the A C relationship between the remitting bank and the paying bank must be A A the paying bank maintains an A C with remitting bank B the remitting bank maintains an A C with paying bank C both remitting bank and paying bank maintain their A Cs with a third bank D remitting bank and paying bank have their A Cs with two different banks 62 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 bank C both remitting bank and paying bank maintain their A Cs with a third bank D remitting bank and paying bank have their A Cs with two different banks 63 If the reimbursement instruction written on the payment order is expressed as in cover we have authorized Bank A to debit our A C and credit your A C with them the A C relationship between the remitting bank and the paying bank must be C A the paying bank maintains an A C with remitting bank B the remitting bank maintains an A C with paying bank C both remitting bank and paying bank maintain their A Cs with a third bank D remitting bank and paying bank have their A Cs with two different banks 64 If the reimbursement instruction written on the payment order is expressed as in cover we have instructed Bank X to transfer the proceeds to your A C with bank Y the A C relationship between the remitting bank and the paying bank must be D A the paying bank maintains an A C with remitting bank B the remitting bank maintains an A C with paying bank C both remitting bank and paying bank maintain their A Cs with a third bank D remitting bank and paying bank have their A Cs with two different banks 65 In remittance business if the paying bank maintains an A C with remitting bank the reimbursement instruction should be given as A 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 them D in cover we have instructed A bank to pay the proceeds to your A C with B bank 66 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 them D in cover we have instructed A bank to pay the proceeds to your A C with B bank 67 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 them D in cover we have instructed A bank to pay the proceeds to your A C with B bank 68 In remittance business if remitting bank and paying bank have their A Cs with two different banks the reimbursement instruction should be given as D 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 them D in cover we have instructed A bank to pay the proceeds to your A C with B bank Collection 69 It will be more convenient if the collecting bank appointed by the seller B A is a large bank B is the remitting bank s correspondent in the place of the importer C is in the exporter s country D acts on the importer s instructions 70 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 buyer 71 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 buyer 72 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 contract 73 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 contract 74 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 form 75 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 76 All the parties to a collection are bound by C if the collection is subject to it A UCP500 B UCP600 C URC522 D URDG758 77 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 collection 78 In documentary collection after the goods have been shipped the exporter presents the documents to B for collection A the collecting bank B the reimbursing bank C the remitting bank D the opening bank 79 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 exporter 80 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 collection 81 Which of the following is not the obligation of the remitting bank D A to complete a collection order strictly according to the principal s instructions B to perform following all the instructions given by the principal C to keep the documents well D to examine the contents of documents in detail 82 Which of the following is not the obligation of the collecting bank B A to verify the authenticity of the collection order B to take care of goods C to release documents strictly on the delivery terms of documents D to perform following all the instructions given by the remitting bank 83 Case of need in collection business is the representative of A A the principal B the remitting bank C the collecting bank D the drawee 84 In collection business the drawer of the draft for collection is A A seller B buyer C remitting bank D collecting bank 85 In collection business the drawee of the draft for collection is B A seller B buyer C remitting bank D collecting bank 86 If the collection instruction given by the principal specifies that collection charges are to be borne by the drawee but with no express statement that they may be waived charges will be for the account of A providing the drawee refuses to pay them A principal B remitting bank C collecting bank D presenting bank 87 The advice of payment sent by the collecting bank to remitting bank through SWIFT takes the form as A A MT400 B MT410 C MT412 D MT416 88 The advice of acceptance sent by the collecting bank to remitting bank through SWIFT takes the form as C A MT400 B MT410 C MT412 D MT416 89 The advice of dishonor sent by the collecting bank to remitting bank through SWIFT takes the form as D A MT400 B MT410 C MT412 D MT416 90 The price term which is more favorable to the seller under collection is D A EXW B FOB C CFR D CIF Letter of credit 91 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 92 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 isn t presented D balance of the applicant s account is not enough for payment 93 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 credit 94 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 credit 95 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 credit 96 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 97 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 credit 98 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 credit 99 Confirmation of a credit may be given by B A the beneficiary at the request of the importer B the advising bank at the request of the issuing bank C the advising bank after the receipt of correct documentation D the issuing bank after the receipt of correct documentation 100 The credit may only be confirmed if it is so authorized or requested by A A the issuing bank B the supplier C the advising bank D the beneficiary 101 The beneficiary of a transferred credit is C A the negotiating bank B the middleman C the actual supplier D the beneficiary of the transferable credit 102 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 goods 103 The first beneficiary of a transferable letter of credit is the A A middlema