1) Which statement is NOT correct for a character of remittance?. A) High risk B Bank Credit C…

1) Which statement is NOT correct for a character of remittance?.
A) High risk
B Bank Credit
C Simple process
D)Imbalance of cash burden
2) Which party will an export contact for amending if the exporter found any mistake after his examing a letter of credit ?
A conforming bank
B advising bank
C The issuing bank
d)Importer
3) Under which term will an importer pay less cost of delivery?
a)CFR/CIF Ex Ship’s Hold
b)CFR/CIF Landed
c)CFR/CIF Liner Terms
D )CFR/CIF Ex Tackle
4) Under which term will an importer pay less cost of delivery?
A)
CFR/CIF Ex Ship’s Hold
B)
CFR/CIF Landed
C)
CFR/CIF Liner Terms
D )CFR/CIF Ex Tackle
5) As an exporter in China, you got an offer from an importer from USA. Which of following price quotation is not correct in the offer?
A USD 100 metric tons FOB Shanghai
B USD 100 metric pairs CIF New York
USD 100 metric tons CFR Shanghai
D USD 100 metric tons CPT New York