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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. The standard policy of ECGC protects loss to the extent of
2. A red clause letter of credit is also known as
3. Availing post-shipment credit in foreign currency is compulsory for
4. Factoring refers to.
5. Pre-shipment advances against export incentives can be covered under
6. Which of the following person is not eligible for packing credit?
7. The standard policy of ECGC covers the risk of
8. Amendment to a letter of credit should be advised through the
9. A bank receives for collection a bill drawn on an importer who is not it’s customer, for retirement of the bill, the bank
10. Which of the following information about the small exporter’s policy is wrong?
11. The risk to a bank in confirming a letter of credit is covered by ECGC under
12. If an export bill which was purchased /negotiated is not realized within reasonable time from the due date the bank should
13. Working group consist of
14. The following statement with respect to moratorium on repayment of principal on project export is not correct
15. The advantage to the exporter of running account facility of packing credit is
16. Exim bank issues guarantees to commercial for
17. For packing credit in rupees the interest of period up to 180 days is chargeable at
18. The group of incoterms under which the seller’s responsibility is to obtain freight paid transport document for the main carriage is
19. Guarantee credit is another name for
20. Exim bank issues guarantees on behalf of
21. For project exports fulfilling norms for period of credit, in principle sanction can be given by
22. The incoterm providing least responsibility to seller is
23. Which of the following service is not provided by an export factor?
24. The standard policy of ECGC is issued
25. For direct export the packing credit should normally be granted only against

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