2012年外贸业务员考试外贸英语习题2012年外贸业务员考试
一、判断题
Decide whether the following statements are True or False. Then put T for True or F for False in the brackets before each statement.判断下列表述的正误，并在正确的句子前的括号内标上T，在错误的句子前的括号内标F。
(1) CFR is the term when the consignment is delivered with all the charges up to arrival at the port of destination paid by the seller. ( )
(2) If the payment is to be made "30 days' sight", it means that the payment will have to be made 30 days after the issuing of this draft. ( )
(3) According to UCP 500, the credit should clearly indicate whether it is revocable or irrevocable. In the absence of such indication, the credit shall be deemed to be revocable. While UCP600 stipulates L/C should all be irrevocable. ( )
(4) Any modification to the offer, no matter how minor it is, will make the original offer invalid and thus it constitutes a new offer. ( )
(5) According to the rule in international trade, silence or lack of response to the offer will be considered an acceptance. ( )
(6) When the seller pays for the goods to be placed alongside the vessel on the quay or in lighters at the named port of shipment, the term is FOB. ( )
(7) A crossed check can only be paid to individuals instead of banks. ( )
(8) Under the terms FOB, CIF, and CFR, the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ships rail in the port of shipment. ( )
(9) Consequences of force majeure are all that the contract shall be terminated or cancelled. ( )
(10) In a documentary credit, terms such as "divisible", "assignable", and "transmissible" carry the same meaning and have the same effect as the term "transferable" and are interchangeably used with such a term. ( )
(11) Under CFR, the seller must pay the usual freight rate and any additional costs that arise en route. ( )
(12) As goods are cleared through customs, such documents as commercial invoice, export license, copy of sales contract and inspection certificate are usually made available to the customs officers. ( )
(13) A letter of credit is a conditional undertaking to make payment in the case of conformity. ( )
(14) When the charterer fails to load or unload the goods within the stipulated period of time, he has to pay demurrage to the shipowner. ( )
(15) In terms of systems of weights and measures, China adopts US system due to its being widely applied in the international trade. ( )
(16) "Gross for net" is often stipulated in the contract to indicate the weight of the less valued products is calculated by gross weight. ( )
(17) An arbitration award is final and binding upon both parities, therefore, if one party does not get satisfied with the award, it cannot refer the case to the court, so long as the arbitration procedures are legal. ( )
(18) Shipping note is a delivery or receipt note for particular consignment issued by the shipping company, and it does not need to conform to that on the invoice. ( )
(19) A packing list gives a list of the contents of a consignment, and is only attached to the Bill of Lading for the Ocean Transportation. ( )
(20) The exporter should give the importer a shipping advice to enable him to carry out his obligations stipulated in the contract in time. Otherwise the exporter would likely bear the losses incurred because of his failure to that. ( )
(21) When a letter of credit is confirmed, all of the risks are then borne by the confirming bank free of charge. ( )
(22) Under FOB terms, the seller should notify the buyer of the cargo readiness at least 30 days before the time of shipment so that the buyer can have enough time to charter ships and send them to the shipment port in time. ( )
(23) The credit is legally independent of the underlying transaction. ( )
(24) Containerization, the most form of physical international distribution, can substantially reduce costs and raise service quality in the international transit. ( )
(25) Air waybill is not only a receipt of the goods for dispatch and evidence of the contract of carriage between the carrier and the consignor, but also a title document. ( )
(26) Blank B/L requires no endorsement for the transfer of the blank bill; therefore, it is often used in international trade. ( )
(27) Pro forma invoice has legal status and its details are normally transferred to a commercial invoice. ( )
(28) Banks deal in documents and not goods, therefore, they are only concerned that documents presented appear on their face to comply with the terms and conditions of the documentary credits. ( )
(29) The importer will normally require the exporter to produce shipped on board B/L, for it provides better guarantee for both negotiating bank and the consignee. ( )
(30) Acceptance of the offer commits both the buyer and the seller to the given terms of the sales and constitutes a legally binding contract which cannot be amended unless both parties agree in a written form to make the changes. ( )
(31) A transferable credit can be transferred by the original beneficiary to several other (second) beneficiaries for more than once. ( )
(32) To the seller, payment by D/P is much safer than by D/A. ( )
(33) Under DES, the seller is responsible for all expenses after the ship's arrival, including those of unloading, clearing customs, and inland freight. ( )
(34) General external risks include theft and pilferage, failure to deliver due to government restriction and leakage, breakage, etc. ( )
(35) As a back-to-back L/C is used, it is the responsibility of the second applicant (i. e. the exporter) to reimburse the bank for payments made under it, regardless of whether or not he himself is paid under the first credit. ( )
(36) Exporters always insist on payment by cash in advance when they are reading with old customers. ( )
(37) An acceptance can be withdrawn if the withdrawal reaches the offeror before or at the same time with the acceptance. ( )
(38) If shipment fails to be made within the validity period of inspection certificate, the party concerned can ask that validity of the certificate to be extended automatically. ( )
(39) Unlike the bill of exchange, the promissory note has two parties: die maker and the payee. ( )
(40) In ocean marine insurance. FPA is the most restrictive cargo insurance cover under which no partial loss or damage is recoverable. ( )
(41) Special additional coverage, such as war risks, strikes and so on must he effected together with FPA, WA or AR. ( )
(42) According to international trade convention, under no circumstances can an offer be revoked once it is made by the offeror. ( )
(43) So far, documentary credits are the most ideal method of payment to provide security for both buyers and sellers. Therefore, in whatever conditions, L/C should the first consideration in the method of payment for transactions. ( )
(44) An issuing bank must always reimburse the advising bank if the latter pays the credit. ( )
(45) Premium is calculated upon the insurance amount and the rate, therefore, it cannot exceed the insured amount of goods. ( )
(46) Consignment note, the most important document for rail transport, is negotiable document that can represent the title to goods. ( )
(47) For terms marked with "W/M", the freight is to be calculated on the basis of either weight ton or measurement ton, subject to the high rate. ( )
(48) The more or less clause is a clause that stipulates that the quantity delivered can be more or less within certain extent (range). ( )
(49) All natural disasters and social disturbances can be universally taken as force majeure by all the countries in the world. ( )
(50) Land transportation Risk is almost equivalent to WPA, and All Risks for land transportation is almost equivalent to Marine All Risks. ( )
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二、单选题Choose the correct answer from the choices below to form a complete sentence.选择正确的答案完成下列句子。
(1) Documentary collections are very suitable in cases where the exporter is reluctant to supply the goods on a (an) ________basis, but not need the degree of security provided by a documentary credit.
A. documentary credit
B. open account
C. guarantee
D. consignment
(2) Remitting bank is the bank to which the ________ entrusts the collection items.
A. drawer
B. payer
C. drawee
D. importer
(3) If the goods consigned to collecting bank, after the importer satisfies the collections conditions, the collecting bank_______ the bills of lading to the importer.
A. endorses
B. delivers
C. transmits
D. carries
(4) The presenting bank may release the documents against the buyer’s acceptance of a ________ draft on documents against acceptance basis.
A. usance
B. sight
C. bank
D. commercial
(5) The collecting bank is responsible for verifying that ________ are met before the release of the documents.
A. the quantity
B. the quality
C. certain condition
D. the contract
(6) Under a collection, a bank acts only as a collecting agent to _________ the exporter in obtaining payment or acceptance of his draft before the release of documents to the importer.
A. guarantee
B. assist
C. promote
D. push
(7) The following are the basic functions of a bill of lading except to act as __________ .
A. a receipt for the goods from the shipping company to the exporter
B. a certificate of origin, which certifies that the goods were produced in a particular country
C. a document of title to goods being shipped overseas
D. a quasi negotiable document
(8) “Financial documents” means bills of exchange, promissory notes, _________, or other similar instruments used for obtaining the payment of money.
A. invoices
B. deposit receipts
C. checks
D. bills of lading
(9) UCP is a code to standardize conditions under which bankers are prepared to issue ________.
A. traveler cheque
B. documentary collection
C. documentary credit
D. bills of exchange
(10) A bank, acting on instructions from the ________ issues the Credit.
A. exporter
B. seller
C. importer
D. consignor
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(11) The purpose of an acceptance credit is to give the _________ time to make payment.A. advising bank
B. negotiation bank
C. importer
D. paying bank
(12) Transferable credit enables a _________ who is receiving payment from a buyer under a documentary credit to transfer his claims under that credit to his own supplier.
A. supplier
B. negotiating bank
C. middleman
D. importer
(13) Credit operations all parties concerned deal with _________.
A. goods
B. goods and documents
C. documents
D. L/C
(14) All instructions for the issuance of a Credit must state precisely the _________ against which payment, acceptance or negotiation is to be made.
A. condition
B. invoice (s)
C. document(s)
D.drafts
(15) Banks deal in ________ under documentary credit transaction.
A. goods
B. documents
C. services
D. money
(16) If the correspondent bank is merely to advise the credit, it forwards the prescribed text to the beneficiary without any responsibility on _________ part.
A. issuing bank
B. advising bank
C. negotiating bank
D paying bank
(17) The beneficiary is deemed to have ________ the credit ________, if he presents the required documents to the correspondent bank or issuing bank on time.
A. refused, /
B. accepted, /
C. agreed … with reserve
D. refused… with reserve
(18) The issuing bank’s decision as to whether or not to accept the documents will be based strictly on the principle that the ________ themselves must be in compliance with the terms and conditions of the credit.
A. sales’ contract
B. documents
C. goods
D. services
(19) The negotiating bank may honor the presented documents under reserve. If the issuing bank then refused to make payment against the documents because of the discrepancies, the ________ must refund the amount to the negotiating bank.
A. buyer
B. beneficiary
C. applicant
D. drawee
(20) The presenting bank is that collecting bank which presents the documents to the _______.
A. drawer
B. bank
C. drawee
D. exporter
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(21) The bank will ________ transport documents which bear a date of issuance later than the expiry date stipulated in the credit.
A. accept
B. refuse
C. accept under reserve
D. deliver
(22) A documentary collection is an operation which a bank collects payment on behalf of the seller by delivering __________ to the buyer.
A. goods
B. documents
C. goods and documents
D. bills of lading
(23) If the credit is available by acceptance, the beneficiary can either wait for the accepted bill of exchange to mature or else convert it into cash by ________ it at his bank.
A. selling
B. exchanging 来源：考试大
C. discounting
D. depositing
(24) A bill of lading is _________.
A. title to the goods
B. a receipt of goods
C. all of the title to the goods and a receipt of goods
D. a negotiable document
(25) Collecting bank is the bank entrusted by the _________ to present the collection items to the drawee.
A. principal
B. drawer
C. remitting bank D.drawee
(26) An irrevocable credit calls for shipment in two lots, on or about 15th November. Two sets of B/L are presented dated 10th Nov, and 21st Nov. Which is acceptable?
A. 10th Nov. only
B. 21st Nov.
C. both
D. neither
(27) A clean transport documents is one which bears no clause or notation which expressly declares a defective condition of the ________.
A. vessel
B. B/L itself
C. goods
D. voyage
(28) Unless otherwise stipulated in the credit, the minimum amount for which the insurance document must indicate the insurance cover to have been effected is the CIF value of the goods plus ________ , but only when the CIF value can be determined from the documents on their face.
A. 10%
B. 5%
C. 20%
D. 30%
(29) The word “ about ” used in connection with the amount of the credit is to be construed as allowing a different not to exceed _______ more or ________ less than the amount to which it refers.
A. 5%, 5%
B. 5%, 10%
C. 10%, 10%
D. 10%, 5%
(30) Transport documents which appear on their face to indicate that shipment has been made on the same means of conveyance and for the same journey, provided they indicate the same destination, will ________ regarded as covering partial shipments, even if the transport documents indicate different dates of shipment and / or different ports of loading, places of taking in charge or dispatch.
A. be
B. not be
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(31) According to INCOTERMS 2000, when the seller only makes the goods available to the buyer at the seller’s premises, the corresponding trade term is ________.A. DDP
B. EXW
C. FOB
D. DDU
(32) What is the percentage of tolerance in the drawing amount when the L/C prohibits partial shipments?
A. 10% or less
B. None
C. 3% or less
D. 5% or less
(33) According to International Standard Banking Practice (ISBP), which of the following statements regarding the expression of “shipping documents” is correct?
A. invoice, transport documents, and insurance policy or certificate
B. transport documents
C. all documents, not only transport documents, except drafts, required by the L/C
D. all the documents mentioned in the Credit
(34) A quota is a numerical limit placed on a specific kind of good that a country will permit to be imported without restriction during a specified perio
D. If the quota is absolute, once the specified amount has been imported:
A) absolute tariffs are imposed on further importation of the product.
B) no additional tariffs are imposed on further importation of the product.
C) no additional tariffs are imposed on further importation of the product.
D) further importation of the product is prohibited for the rest of the perio
(35) Tariffs:
A. Decrease the domestic price of a product
B. Increase government earnings from tax
C. Increase the quantity of imports
D. Decrease domestic production
(36) Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years:
A. letter of credit
B. foreign currency option
C. cable transfer
D. bill of exchange
(37) The reduction or covering of foreign exchange risk is called
A. hedging
B. speculation
C. intervention
D. arbitrage
(38) If a country allows trade and the domestic price of a good is higher than the world price,
A. the country will become an exporter of the good.
B. the country will become an importer of the good.
C. the country will neither export nor import the good.
D. additional information about demand is needed to determine whether the country will export or import the good.
(39) Countries usually impose restrictions on free foreign trade to protect
A. foreign producers.
B. foreign consumers.
C. domestic producers.
D. domestic consumers.
(40) Foreign trade can be conducted on the following terms except for ________.
A. open account
B. documentary collection
C. documentary credits
D. public bonds
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(41) Customers trading abroad in foreign currencies may protect against the exchange risk by arranging ________.A. a contract of international sale of goods
B. a contract of marine insurance
C. a forward contract to fix the exchange rate in advance
D. contract for the delivery of goods by installments
(42) The danger to the exporter in open account trading is that by surrendering the shipping documents to the importer, he ________ before he has obtained payment for them.
A. is in control of the goods
B. loses control of the goods
C. retains control of the goods
D. gives up control of the goods
(43) What insurance document will be issued as evidence of cover when an exporter sells goods insured under an open cover agreement?
A. A third party inspection certificate
B. An insurance policy
C. A black list certificate
D. An insurance certificate
(44) Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency?
A. Confirmed irrevocable documentary credit
B. Open account
C. documentary collection D/A
D. None of the above
(45) If dealers buy currency forward but do not sell forward at the same time, their position is known as ________.
A. short
B. long
C. speculation
D. hedging
(46) When a trader buys goods on credit he does not have to ________.
A. pay for them immediately
B. pay for them until the end of the month
C. pay for them
D. pay for them until they receive the goods
(47) The documentary collection provides the seller with a greater degree of protection than shipping on ________.
A. documentary credit
B. banker’s letter of guarantee
C. banker’s draft
D. open account
(48) International payments and other messages are often sent through an international computer network called ________.
A. CHAPS
B. SWIFT
C. CHIPS
D. CHATS
(49) An exporter sells goods to a customer abroad on FOB and on CIF terms. Who is responsible for the freight charges in each?
A. Importer; exporter
B. Exporter; importer
C. Importer; importer
D. Exporter; exporter
(50) The drawee of a cheque is ________.
A. the person who is to receive payment
B. the bank that has to make payment
C. the last person to endorse the cheque
D. the person whose bank account will be debited
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(51) You are selling your car for USD2000.00 to a person you do not know. Which method of settlement would you prefer?A. Bank draft
B. credit card
C. Personal cheque
D. Personal cheque, backed by a cheque card
(52) Under FOB terms the bill of lading would state ________.
A. goods loaded on board, freight paid
B. goods loaded on board, freight payable at destination
C. goods received for shipment, freight paid
D. goods received for shipment, freight payable at destination
(53) There are four main methods of securing payment in international trade:
①payment under documentary credit
②open account
③collection., that is documents against payment or acceptance of a bill of exchange
④payment in advance
From an exporter’s point of view, the order of preference is ________.
A. ④②③①
B. ④③①②
C. ④①③②
D. ②④①③
(54) A cheque dated seven months ago is ________.
A. a post-dated cheque
B. a deferred payment cheque
C. an out-of-date cheque
D. not negotiable
(55) To whom is an endorser liable if the bill of exchange is dishonored?
A. the payee
B. the drawer
C. a previous endorser
D. a subsequent endorser or holder
(56) A draft is like a cheque it can be endorsed but it isn’t a title to goods, like ________.
A. a certificate of origin
B. a survey report
C. a bill of lading
D. an insurance certificate
(57) If a term draft is not honored at maturity, it will be noted and protested by ________,and represented to the drawee.
A. a broker
B. a dealer
C. a correspondent bank
D. a notary public
(58) In reality, it sometimes happens that if we insist on amending the credit terms, it will be ________ for us to carry out the contract.
A. unfavorable
B. available
C. favorable
D. beneficial
(59) If the terms of trade are FOB or CNF shipments, the responsibility for insuring the goods while in transit falls on ________ and he must make the necessary arrangements.
A. the seller
B. the purchaser
C. the creditor
D. the carrier
(60) Your customer asks your bank to handle a collection outwards on his behalf. Your bank is ________.
A. the reimbursing bank
B. the negotiating bank
C. the remitting bank
D. the collecting bank
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(61) Where goods are to be dispatched by road, rail or air instead of by sea, the documentary credit will call for a carrier’s recei0t or railway receipt or an airway bill instead of ________.A. a bill of exchange
B. a certificate of origin
C. a bill of lading
D. a certificate of insurance
(62) Before allowing goods to be imported, many countries in the Middle East insist on ________ which certifies that the goods have no connection with certain countries such as Israel or South Africa.
A. a shipper’s certificate
B. a mate’s receipt
C. a black list certificate
D. an import license
(63) The exporter or his agent is normally the person named as ________ on a bill of lading or on an air waybill.
A. shipper
B. underwriter
C. consignee
D. guarantor
(64) A cheque may be crossed by drawing two parallel lines across its face. This ensures that the cheque ________.
A. can be cashed at a bank
B. must be transferred from the payee’s account to the drawee’s account
C. can not be paid in for the credit of an account
D. can not be cashed at a bank but must be paid in for the credit of an account
(65) Manufacturer makes an unexpected sale to a country where previously he had made no sales at all. The manufacturer is required to insure the goods. What would you expect to be issued?
A. An open policy
B. An insurance policy
C. An insurance certificate
D. any insurance document
(66) ________, which were drawn up by the ICC, provide an internationally accepted set of standardized terms which set out where the exporter’s responsibility ends as regards insurance and transport of goods.
A. UCP
B. VAT
C. Incoterms
D. Uniform rules for collection
(67) If a documentary credit has been arranged, the exporter can dispatch his goods in the knowledge that he is relying on the reputation and credit worthiness of ________.
A. the consignee
B. the importer来源：www.examda.com
C. his bank
D. the importer’s bank
(68) ________ are instruments used for the purpose of obtaining money.
A. Financial documents
B. Insurance documents
C. Commercial documents
D. Transport documents
(69) The main difference between a bill of exchange and a promissory note is that a bill of exchange is ________ to the drawee, whereas a promissory note is ______ by its drawer (“maker”).
A. a conditional order; an unconditional promise
B. an unconditional order; an unconditional promise
C. an unconditional order; a conditional promise
D. a conditional order; a conditional promise
(70) General average belongs to __________ .
A. constructive total loss
B. actual total loss
C. partial loss
D. total loss
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