WorksheetsSCF Quizzie Volume 1
Total questions: 15
Worksheet time: 6mins
what are two types of TRADE?
Domestic Trade
Interstellar Trade
Underground Trade
International Trade
Which one of these Does Not come under Risks in international trade ?
Cultural Risk
Country risk
Exchange risk
Commercial risk
Typical Risks for Exporter?
Distance
Credit worthiness of buyer
Disputes
Restrictions imposed by
governments
Open Account and
Advance Payment are Methods of Payment
True
False
Open Account
Step 1-Seller ships goods to buyer
Step 2-Buyer Pays for the goods
True
False
Under which Payment Method the following steps are involved ?
Step 1 : Seller ships goods to buyer
Step 2: Buyer Pays for the goods
Open
Account
Letter of
Credit
Collections
Advance
Payment
Which payment method Involves HIGH RISK for importer?
Our own Method
Open
Account
Advance Payment
Parties of Documentary collection are ?
Yes Bank
Remitting bank
Bank Of Baroda
Collecting bank
Please categorise the below method of payments from higher risk to a lower risk for Importer.
A. Advance payment
B. Collections
C. Open account
D. Letter of Credit
E. Confirmed letter of credit
A,D,C,B,E
W,X,Y,Z
D,B,C,E,F
A,E,D,B,C
What is the full form of Swift?
Society for Worldwide Interbank Financial Telecommunication
Society for Worldwide International
Temple
Society for Worldwide Interfinancial telecommunication
Society for Worldwide Interbanking Financial Telegram
What does the last 3 characters of Swift message denote.
Country code
City Code
Street Code
Branch
LC Stands for ?
Local Call
Letter of Connection
Letter of Credit
Lower Count
Which party is under a risk when restrictions are been imposed by governments.
Buyer
Seller
both
What is the Total Strength of Supply Chain Finance Team?
15
22
Strength of Cricket Team
Strength of
Polar Satellite Launch Vehicle (PSLV)
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