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EXIM Finance Practice Test
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EXIM Finance stands for Export-Import finance.

EXIM Finance Practice Test
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25 Questions

1. A guarantee issued in favour of an importer so that he releases entire contract amount instead of retaining a portion is
2. A packing credit was granted against an export order but the export could not take place
3. The advance remittance against imports is subject to the conditions
4. Working Group for approval of project exports does not include
5. Which one of the following statements relating to Consultancy and Technology Services Finance Programme of Exim Bank is Wrong?
6. The group of terms arranged in order of increasing responsibility of exporter is.
7. The incoterm providing least responsibility to seller is
8. The standard policy of ECGC covers the risk of
9. When a letter of credit does not indicate whether it is revocable or irrevocable, it is treated as
10. The ERIC was renamed as
11. Under the confirmed letter of credit the undertaking the confirming bank is
12. Guarantee credit is another name for
13. The undrawn balance on export bills are permitted up to
14. Comprehensive risk policy covers
15. Cover under the guarantee of ECGC is available to
16. Advance payment guarantee assures
17. Adoption of incoterm is
18. When goods are sent to an agent of an exporter in the importing country, the method of payment adopted is
19. Under exchange fluctuation risk cover, the ECGC provides cover
20. Amendment to a letter of credit should be advised through the
21. Open account method of payment is beneficial to
22. Standby letters of credit can be used by authorized dealers in India for
23. Duty drawback is the refund of duty chargeable on
24. Which of the following statements relating to consultancy and technology services finance programme of Exim bank is wrong?
25. For deferred payment import remission should be sought from the Reserve Bank when

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