Josh Training Session 4

What is Import Bill?

• Payment mode for trade within country

• Payment mode for International trade

• Payment mode within bank

• None of the above

which are the different ways to avail import bills for collection services?

• 1. Document against Acceptance

  2. Direct Import Payment

  3. Document Against payment

• 1. Document Against payment

  2. Document against Acceptance

  3. Direct Export Payment

• 1. Document Against payment

  2. Direct export and Import Payment

  3. Document against Acceptance

• All of the above

When documents are released upon the acceptance of bill of exchange, what is it called?

• Direct Export payment

• Document Against Payment

• Document Against Acceptance

• Direct Import Payment

When documents are released upon the payment received from the Buyer, what is it called?

• Document against Acceptance

• Direct Import Payment

• Document against Payment

• None of the above

When an importer makes the payment for the items which are already imported in India, which payment method is used?

• Document against Payment

• Direct Import Payment

• Direct Export Payment

• None of the above

Which country is not included in Comprehensive Sanction Country

• Israel

• Cuba

• Syria

• North Korea

For bank to bank payment, which swift code is used?

• MT200

• MT202

• MT102

• None of the above

MT103 is used for which transaction?

• Bank to bank payment

• Import payment

• Direct Payment

• Advance Payment

Which Swift code is used to acknowledge swift for receipt of bills under collections?

• MT401

• MT103

• MT410

• None of the above

Direct import payment means an exporter makes the payment of the items which are exported to India.

• True

• False