Institute of Chartered Financial Analysts of India (ICFAI) University 2006 Certification Finance International and Trade – I - Question Paper

(e) All (I), (II) and (III) above.
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22.
Which of the subsequent is/are stated to be actual for post-shipment credit?

I. Negotiation /Payment/Acceptance of exports of documents under Letter of credit.

II. Advance against export bills will be sent on collection basis.

III. The exporter is needed to submit the document to the bank within 21 days to avail the post-shipment credit.



(a) Only (I) above (b) Only (II) above

(c) Both (I) and (III) above (d) Both (II) and (III) above

(e) All (I), (II) and (III) above.
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23.
Capital account monetary model is an improvement over current account monetary model. It relaxes a few assumptions of the latter. They are

I. There may be departures from PPP in the short run.

II. The increase in domestic interest rates will always lead to depreciation of domestic currency.

III. There is a stable demand-for-money function in every country.

(a) Only (I) above (b) Both (I) and (II) above

(c) Both (I) and (III) above (d) Both (II) and (III) above

(e) All (I), (II) and (III) above.
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24.
The rights of writers of literary and artistic works are protected by Copy right and Related Rights under the agreement on Trade Related Aspects of Intellectual Property Rights (TRIPs) of WTO for a minimum period of ––––––––– after the death of the writer.

(a) 10 years (b) 20 years (c) 30 years (d) 40 years (e) 50 years.
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25.
Where the goods are to be carried by 2 or more ships or partly by ship and partly by rail, the bill of lading providing for the continuous responsibility of all the carriers is called a

Earning:   Approval pending.