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    Chapter 7 - Quiz - Attempt Review - Welcome To Learning at Nibm

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    Ravi Raushan Kumar Singh
    Quiz Chapter 7 Module I Credit Management

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Chapter 7 - Quiz - Attempt Review - Welcome To Learning at Nibm

    Uploaded by

    Ravi Raushan Kumar Singh
    3 views4 pages
    Quiz Chapter 7 Module I Credit Management

    Original Title

    Chapter 7 _ Quiz_ Attempt review _ Welcome to Learning @ nibm

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    Quiz Chapter 7 Module I Credit Management

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3 views4 pages

    Chapter 7 - Quiz - Attempt Review - Welcome To Learning at Nibm

    Uploaded by

    Ravi Raushan Kumar Singh
    Quiz Chapter 7 Module I Credit Management

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    National Institute of

    Bank Management
    RAVI RAUSHAN SINGH  RS

    Dashboard  My courses  CRD MGMT  MODULE I : BASICS OF CREDIT AND CREDIT PROCESS  Chapter 7 : Quiz

    CREDIT MANAGEMENT Chapter 7 : Quiz

    Started on Monday, 16 September 2024, 11:07 AM


    State Finished
    Completed on Monday, 16 September 2024, 11:11 AM
    Time taken 4 mins 6 secs

    Question 1 Correct

    As per UCP 600, which one of the following branches are authorized to open a inland LC?

    Select one:

    a. All metro based branches of a bank


    b. Designated retail or corporate branch of a bank
    c. Designated B Category Forex Branch
    d. Designated A Category Forex Branch

    Question 2 Incorrect

    Bank guarantee to a firm for money to be received in various stages of project implementation is called as

    Select one:

    a. Deferred payment guatantee


    b. Advance payment guarantee
    c. Scheduled payment guarantee
    d. Timely payment guarantee


    Question 3 Correct

    The abbreviation in URDG758 stands for

    Select one:

    a. Uniform Rules for Deposit Guarantees


    b. Uniform Rules for Discounted Guarantees
    c. Uniform Rules for Demand Guarantees
    d. Uniform Rules for Documentary Guarantees

    Question 4 Correct

    A letter of credit which provides for an amount in advance to Beneficiary for warehousing and insurance charges
    is

    Select one:

    a. Orange clause LC
    b. Red clause LC
    c. Green clause LC
    d. Blue clause LC

    Question 5 Correct

    Which one of the following is true for a documentary credit facility

    Select one:

    a. Requires presentation of certain documents at the time of negotiation


    b. Requires execution of legal documents during disbursement
    c. Requires appropriate documents for credit appraisal
    d. Requires actual compliance with clearly written instructions


    Question 6 Correct

    As per UCP 600, which one of the following branches are authorized to open a import LC?

    Select one:

    a. All metro based branches of a bank


    b. Designated retail or corporate branch of a bank
    c. Designated A Category Forex Branch
    d. Designated B Category Forex Branch

    Question 7 Correct

    In which one of the following Bank Guarantees (BG), the risk of loss need not necessarily be related to the
    creditworthiness of the counterparty involved

    Select one:

    a. Guarantees for assuring certain technical performance


    b. Guarantees in lieu of repayment of financial securities
    c. Guarantees for mobilisation advance before the commencement of a project
    d. Guarantees for credit facilities

    Question 8 Correct

    Which one of the following is not the seller's responsibility under Ex-Works terms ?

    Select one:

    a. Export packing
    b. Loading charges
    c. Warehouse labor
    d. Warehouse storage


    Question 9 Correct

    Which one of the following LCs can be cancelled or amended only with consent of both applicant & beneficiary

    Select one:

    a. Irrevocable
    b. Restricted
    c. Unrestricted
    d. Revocable

    Question 10 Correct

    Which one of the following institutions gives the Importer Exporter Code number for carrying out international
    transactions?

    Select one:

    a. Indian Institute of Foreign Trade


    b. Export Credit Guarantee Corporation
    c. Reserve Bank of India
    d. Directorate General of Foreign Trade

    ← Chapter 7 : Non Fund Based Facilities

    Jump to...
    Chapter 8: Priority Sector Lending →

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