Professional Documents
Culture Documents
1. A method of export the supplier dispatches the goods but the title of the goods remains with the
supplier until it finally sold to the consumer is _ __
A. Letter of credit
@ Cash against document _
C. Advance payment
D. None
2. Identify the bank th.at associates the establishment of a letter of credit to the exporter?
'
A . Advising bank
B. Issuing bank
C onfining
bank
D Remitting
bank
3. This is a guarantee commitment in favor of a Guarantor. Which type of Guarantee is being referred
here?
Bid bond
erformance
C. Financial
D. Counter
.
4. Which o ne of the following document is issued by the beneficiary?
·'
A. Insp'ection certificate
B. Bill of lad\ng
ommercial Invoice
nsurance certific te . .
5. It is a written commitment to pay, by a buyer's or-importer's bank to the seller's or exporter 's bank
letter of credit
B. Cash Against document
C. Telegraphic transfer
JK' Advance payment
1
..
E.ALL?
F. None of the above
7. Identify the parties' in valued under Direct Guarantee?
A. principal
B. Issuing Bank /Foreign bank
r Beneficiary
D. B&C
E. A&B .,.
11 the above
G. None ofthe above
8. Identify the parties involved under indirect Guarantee
A Principal Involved
B. Instructing Bank
C. Issuing Bank /Local Bank
D. Beneficiary
E. b, c ,& d
@All
G. None
9. _ is a guarantee issued by foreign bank in favor of a local bank (who
grants loan) to pay the amount in case the borrower fails to replay the su-m as per the agreement.
A. Retention Guarantee
B. Customs duty Guarantee
C. Loan Guarantee
c::&>Payment Guarantee
E. B&D
F. None ofthe above
G. All of the Above
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10. Which one of the following parties' responsibility in Documentary collection?
A./Drawers (Principa} /Exporters)
Remitting Bapk (Exporters Bank)
Collecting ank (Importers Bank)
D. Drawer (Buyer/Importer)
./-f ll Except D
ll of the Above
G. None ofthe Above
3
14. Which one of the following is mode of payment to import goods and services
A. Advance payment (TT)
B. Documentary credit (LIC)
C. Documentary collection (CAD)
D. B&C
@ 11 of the
above
None of the above
15. The bank shall not allow withdrawal from revolving emergency staff loan when the employee has
left ----- year of retirement age
-
A. One year
B. Two years
C. Three years
D.Four years ·
16. The loan contract for RESL shall be reviewed m every years period unless the latest
a! loan is changed
me years
B. Five years
C. Three years
D. Seven Years
17. The equity contribution required from the staff when she/ he applies for staff mortgage loan is
A. 15%
/10;%
80%
D. 50%
18. A staff is allowed to purchase a house unqer construction if the amount of the loan and the equity
contribution shall be enough to complete at lease % of the house
A. 15%
B. 5%
C. 50%
4
19. Which one of the following 1s true about Eligibility criteria to process Trade Service (TS)
transaction with CBE
A. Maintain an account with bank
B. Possess valid import/export license or business/investment/indu.stry license
C. Have a Tax identification Number (TIN)
D. Not listed as a delinquent by the NBE
All of the above
F. None of the above
20. Which one of the following is true regarding with proper loan follow-up and monitoring
A. Ensure compliance with loan terms'and conditions;
B. Ensure end use offunds;
C. Monitor performance on loan repayments;
D. Identify early warning signals, if any, and take remedial actions to reduce possible loan loss
from default
All ofthe above
21. The Staff Automobile loan maximum loan repay ment period shall be
A. 13 years
B. 15 years
2years
D. 25 years
22. Staff Automobile loan Applicant shall make an equity contribution of at least _% of the total cost
of the automobile.
A. 50%
@15%
C. 20%
D. 25%
23. An eligible employee can be availed with staff Automobile loan only __
A. Two times
B. Three times
onetime
.None
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24. A transaction in which the buyer assumes the title for the goods being purchased upon paying the
.. - ' .
sale price in cash is __ __
ocumentary collection
l ¥'Consignment
C. Advance payment
'
D. Franco valuta
E. None of the above
25. is a type of bond that is an undertaking Guarantee issued by the guarantor to secure any
claims by the buyer on the seller arising from default in performance of the terms and conditions of
the contract
@ erformance
bond
B. Advance payment guarantee
C. Long guarantee
D. Bid bond
E. None of the above