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WorksheetsREVISION CHAPTER 6 IBPS
Total questions: 17
Worksheet time: 9mins
In order to facilitate international trading, bank usually will offer services such as trade finance, foreign exchange transaction and corporate finance.
True
False
A ______ is a major tool of trade finance and clients look forward to their banker to extend the facility.
Bank guarantee
Shipping guarantee
Bill of exchange
Letter of credit
Al wakalah refer to ____
Payment
Hire Purchase
Agency
Dealer
Which of the following letter of credit that need to deposit 100% money for the process.
Al musharakah
Al wakalah
Al dayn
Al mudharabah
Al murabahah letter of credit refer to a joint venture on profit and loss sharing between a bank and customer whereby customer has to contribute part of capital in joint project.
True
False
Financing for item under Murabahah working capital include purchase of stock and inventories, spares, and replacement, semi-finished goods and raw materials.
True
False
f
Factoring is a financial transaction whereby a business sells its account receivable (invoices) to a second party at a discount prices in exchange for money.
True
False
Factoring is ______
A loan
Not a loan
A leasing
A financing
Factoring involve _____ party.
One
Two
Three
Four
Three parties involve are.....
Receivable, debtor, agent
Receivable, creditor, agent
Receivable, debtor, factor
Receivable, creditor, factor
Bai al dayn is usually a short-term facility with the maturity of a year or less.
True
False
Accepted bill that drawn by the bank and accepted by the importer known as?
Musharakah
Murabahah
Mudharabah
Wakalah
Accepted bill that drawn by the exporter and accepted by the bank is known as?
Al bay
Al wakalah
Al dayn
Al ujr
The bank may provide the facility of a letter of guarantee to its customer for certain purposes under the principles of?
Al wakalah
Al kafalah
Wadiah
Tawarruq
Importer can take the delivery of good with absent the document can applied the contract of?
Banker guarantee
Letter of credit
Shipping guarantee
Murabahah guarantee
Customer can get double protection when they use?
Shipping guarantee
Banker guarantee
Murabahah working capital
Letter of credit
Banks facilitates international trade financing through their relation with other international banks.
True
False
