1.An American shipper needs to settle an import bill for $ 8905265.63. The exporter has

given the American exporter two alternatives:

I. Pay promptly with no interest charges.

ii. Pay following three months with interest at 16.655% per annum.

The shipper's bank charges 17.5145% per annum on overdrafts. The trade

rates in the market are as per the following:

Spot rate: 48.35/48.36

3-Months forward rate: 48.81/48.83

The shipper looks for your recommendation. Offer your guidance.

2. Which sort of letter isn't altruism letter :

a) Thank you letter c) Letter of grumbling

b) Condolence letter d) Letter of compassion.

3. Which of these terms and conditions are absent in the letter of arrangement?

a) Place of activity c) Probation

b) Remuneration d) None of the these.

4. Eulogy notice is composed to give an information on :

a) Some body's demise c) Some body's end

b) Some body's advancement d) None of these.

5. The initial step of a business exchange is :

a) Making a request c) Giving citations

b) Making an enquiry d) None of these.

6. In the event of delicate notification, EMD represents :

a) Electronic financial store c) Earnest cash division

b) Earnest cash office d) Earnest cash store.

7. Typically, in delicate notification EMD is _________% of assessed esteem.

a) 2% c) 4%

b) 3% d) 5%.

8.In the event of tenders, contract is given dependent on the guideline of :

a) Lowest bid get the agreement c) Best bid will get the agreement

b) Highest bid get the agreement d) None of these.

9. If there should be an occurrence of request letters which of these isn't set under the head of terms and conditions :

a) Price c) Credit terms

b) Discount d) Despatch

10. What does "D" represents in AIDAS plan ?

a) Despatch c) Delivery

b) Discount d) Desire.