CDCS EXAM 2019 (April Intake) PREPARATION PROGRAM

Weekly Progress & Evaluation Test 22

01. Which of the following feature is required in terms of commercial invoice?
I. be dated II. Be signed III. Be authenticated after correction
A. (I) only; B. (I) and (II)
C. All of the above D. None of the above
02. A credit states in goods description field- ‘Capital Machinery’. Which of the following
goods description in the commercial invoice wouldn’t be considered as complying?
i. ‘Capital Machinery’ ii. ‘Best Brand Capital Machinery’
iii. ‘Brand New Capital Machinery’ iv. ‘Second Hand Capital Machinery’
A. (i) only B. All except (iv)
C. (iv) only D. None
03. A credit requires presentation of a commercial invoice. The requirement can be satisfied by
presentation of:
i. An invoice; ii. A commercial invoice
iii. A customs invoice; iv. A pro-forma invoice
A. (i) only; B. (i) and (ii)
C. All except (iv); D. All of the above
04. Which of the following statement(s) is/are correct?
I. A certified invoice is issued by the beneficiary of the credit.
II. A packing list must be issued by the beneficiary.
III. Certificate of Origin is a commercial document.
IV. Consular invoices are issued by embassy or consulate of the importing country residing in
the country of export.
A. (I) only; B. (I) and (II);
C. (I) and (IV); D. All except (II)
05. A Legalized invoice is what type of document:
A) Official Document B) Commercial Document
C) Financial Document D) Legal Document
06. Corrections or alterations in following documents require authentication EXCEPT:
A. Commercial invoice; B. Bill of Lading
C. Insurance Policy; D. Draft
07. A credit states in goods description field- ‘Capital Machinery’. Which of the following
goods description in the commercial invoice would not comply, except for?
i. ‘Capital Machinery’ ii. ‘Best Brand Capital Machinery’
iii. ‘Brand New Capital Machinery’ iv. ‘Second Hand Capital Machinery’
A. (i) only B. All except (iv)
C. (iv) only D. None
08. Which of the following constitute a complying presentation?
1. Invoice made out in the name of the applicant with no address mentioned at credit.
2. Invoice made out in the name of the applicant with address mentioned at credit.
A. 1 only B. 2 only
C. Both D. None
09. Which of the following is not a mandatory characteristic of a Commercial Invoice?
a. Must appear to have been issued by the beneficiary.
b. Must be made out in the name of the applicant.
c. must be made out in the same currency of the credit.
d. Goods description must be as mentioned in the credit.
10. A credit requires presentation of an invoice. The requirement can be satisfied by
presentation of:
i. An invoice ii. A commercial invoice
iii. A Tax invoice iv. A provisional invoice
A. (i) only; B. (i) and (ii)
C. All except (iv); D. All of the above

CDCS MENTOR e-mail: cdcs.mentor.bd@gmail.com

Md. Mohiuddin; Cell: 01716308384 Page 1 www.facebook.com/groups/cdcs.mentor.bd/
 CDCS EXAM 2019 (April Intake) PREPARATION PROGRAM
Weekly Progress & Evaluation Test 22
11. A credit requires an 'invoice' without further definition. This of the following MUST
be considered a discrepancy?
A. Presentation of a document identified as a tax invoice.
B. An invoice which is not signed.
C. An invoice made out in a different currency to the credit with eqv. Credit currency.
D. An invoice issued for an amount in excess of that permitted by the credit.
12. A Documentary credit for USD 10,000.00 was made available with Bank X by negotiation.
Documents along with invoice valued USD 11,000.00 were presented to Bank X. Bank X paid
USD 10,000.00 to the beneficiary and forwarded the document to the issuing bank with a
statement that negotiation had been done for USD 10,000.00. In this context, which of the
following statement is correct?
A. Bank X has worked as per provision of UCP 600
B. Bank X is bound to negotiate USD 10,000.00
C. Issuing bank may raise discrepancy due to invoice valued USD 11,000.00
D. Issuing bank must raise discrepancy due to invoice valued USD 11,000.00
13. Which of the following statements regarding invoices is FALSE?
A. A commercial Invoice must be issued by the beneficiary and must be addressed to the
applicant.
B. If a credit requires for a presentation of Invoice and Invoice identified as Tax invoice is not
acceptable.
C. If a nominating bank accepts an Invoice issued for an amount greater than the credit balance
but have not honored or negotiated for an amount greater than the credit, then the issuing bank
is bound by their decision.
D. The telephone number of the applicant need not be states in the invoice even if it is part if
the applicants address in the credit.
14. Commercial invoice is what type of document:
A) Official Document B) Commercial Document
C) Financial Document D) None of the above
15. A documentary credit advised to a beneficiary payable at sight calls for documents to include an
invoice made out in the name of the applicant. Documents presented to the negotiating bank by the
beneficiary include a customs invoice but no commercial invoice. All other terms and conditions
have been met. What action should the negotiating bank take?
A Reject the documents as non-complying.
B Refer to the issuing bank for authority to pay.
C Return the documents for amendment.
D Pay the documents as complying.
16. A credit that requires presentation of an invoice will be satisfied by which of the following?
A. Commercial invoice. 2. Pro-forma invoice.
3. Sales invoice. 4. Tax invoice.
A. All of the above; B. 1, 3 and 4 only. C. 1 and 3 only; D. 1 only
17. Documents were presented under a credit issued for USD 11,500.00 which states the following
goods description ‘brand new engine parts’, and the INCOTERM as ‘CPT Dhaka’. Which elements of the
following presentations would be considered as discrepant?
a. An invoice stating the goods description as ‘brand new engine parts’.
b. An invoice stating the INCOTERM as ‘CPT Dhaka (INCOTERM 2000)’.
c. An invoice stating the goods description as ‘brand new parts for tractor engines’.
d. An invoice indicating 05 samples shipped free of charge.
A. 1 and 4 only; B. 2 and 4 only C. 4 only; D. 2, 3 and 4 only
18. Documentary credit prohibits presentation of original commercial invoice and requires
photocopy of commercial invoice. Which of the following invoice will be acceptable?
1. Photo copy of tax invoice.
2. Photo copy of invoice with a statement that it has been issued for tax purpose.
3. Photo copy of commercial invoice.
4. Photo copy of tax invoice marked original.
A. 1 and 4; B. 3 only C. 2 and 3; D. 3 and 4

CDCS MENTOR e-mail: cdcs.mentor.bd@gmail.com

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