Factoring and Forfeiting , housing FinanceQuiz

Factoring is a ___ based financial service.

• fund

• fee

• commission

• income

Which of the following services is not provided by a factor?

• Financing

• Maintenance of Accounts

• Hiring Manpower

• Collection of debts

Factoring involves the outright sale of receivables at a _____ to a factor to obtain funds.

• premium

• discount

• par

• fixed price

The exporter informs the ____ about the export of goods to an import client domiciled in a specified country.

• importer

• import factor

• export factor

• Government

The export factor writes to the _____ enquiring about the creditworthiness, reputation etc of the importer.

• importer

• import factor

• export

• Government

The ____ makes payment to the exporter upon assignment, maturity of export receivables, depending upon the type of factoring arrangement between them.

• importer

• import factor

• Government

• export factor

The _____ takes the responsibility for collecting payment from the buyer.

• importer

• export factor

• exporter

• import factor

The factor makes an advance payment on the strength of books debts to the extent of ____ of the assigned debts.

• 50%

• 60%

• 75%

• 80%

Full services of Factoring is also known as _____.

• old line factoring

• new line factoring

• innovative line factoring

• line factoring

_____ provides the entire spectrum of services collection, credit protection, sales ledger administration and short - term finance.

• full service factoring

• half service factoring

• medium service factoring

• instant service factoring