IIP 301 BUNDLED EXAMS 2023/24|GRADED A+|GUARANTEED SUCCESS

A 1. A hedge is a contract that provides protection against the risk of loss from a change in _________ A. Foreign exchange rates B. Inflation C. Interest rate D. None of the above A 2. There are 03 common methods of hedging: forward market hedge, money market hedge and option market A...

Role of BUYER / IMPORTER in Finances the Transaction? a. Needs funds for production and the period before payment is received, and prefers that the seller finance the transaction b. Prefers that the seller bear the credit risk and wants to make certain that he receives the goods once he has paid ...

Basic Terms of Payment are: a. Cash in Advance, Documentary Credit, Documentary Collections b. Cash in Advance, Documentary Collections, Open Account c. Cash in Advance, Documentary Credit, Open Account d. Cash in Advance, Documentary Credit, Documentary Collections, Open Account d ____d...

Chapter 1 QN=001 Role of BUYER / IMPORTER in Finances the Transaction? a. Needs funds for production and the period before payment is received, and prefers that the seller finance the transaction b. Prefers that the seller bear the credit risk and wants to make certain that he receives the goods ...

Who has to deposit to open exporting L/C? Select one: a. The seller b. The advising bank c. The buyer d. The issuing bank a Availability refers to the availability of funds to the beneficiary (seller) after presentation of documents under the credit. Each of the forms of payment availab...

1 When receiving incomplete or unclear instructions for the L/C, the advising bank would be held responsible for: a. notifying the buyer first b. notifying the seller first c. notifying the issuing bank first d. notifying the confirming bank first C 2 Choose the correct statement: a. ...

ASN Autonomous System number EIGRP Enhanced Interior Gateway Routing Protocol What five key EIGRP show commands 1) show ip eigrp interfaces 2) show ip protocols 3) show ip eigrp neighbors 4) show ip eigrp topology 5) show ip route List the working interfaces on which EIGR...

Transportation Management belongs to which foundation of Supply Chain Management? Distribution A __________ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer....

QN=001 Role of BUYER / IMPORTER in Finances the Transaction? a. Needs funds for production and the period before payment is received, and prefers that the seller finance the transaction b. Prefers that the seller bear the credit risk and wants to make certain that he receives the goods once he has...

The currency not widely used in international payment: Select one: a. The German Deutsche Mark (DM) b. The Euro (€) c. The US Dollar ($) d. The Japanese Yen (¥) A In documentary credits, the date when the issuing bank is bound to be responsible for L/C amendment is determined: a. wh...

The most important Incoterms' difference between 2000 and 2010 version is: a "Pass the ship's rails" extend to "on board the vessel" b DEQ replaced by DAT c Packing costs transferred to seller under FOB d DAF, DES, DDU replaced by DAP D uBased on the recent Incoterms 2010, how ...

C 5. Which of the following parties receive documents for collection from the exporter? A. Drawee B. Principal C. Remitting bank D. Presenting bank B 8. Which brings the most risk for exporter? A. Cash in advance B. D/A C. D/P F Remitting bank, collecting bank under Documenta...

A 1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above D 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B....