Cdcs Specimen Paper A - Answers 2017-18.pdf

LIBF Level 4 Certificate for Documentary Credit ® Specialists (CDCS )

Specimen Paper A 2017 – Answer document

The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter. The International Chamber of Commerce (ICC) is the largest, most representative business organization in the world. This qualification is regulated by the regulatory authorities for England and is incorporated into the Regulated Qualifications Framework (RQF) at Level 4.

Principles and Practices of Documentary Credit Transactions Specimen Paper A - Answers

Section A Answer Q1

C

Q2

D

Q3

A

Q4

D

Q5

B

Q6

B

Q7

D

Q8

C

Q9

C

Q10

A

Q11

A

Q12

D

Q13

B

Q14

B

Q15

A

Q16

A

Q17

A

Q18

A

Q19

B

Q20

D

Q21

C

Q22

C

Q23

C

Q24

A

Q25

D

Q26

A

Q27

A

Q28

A

Q29

C

Q30

C

Q31

B

Q32

B

Q33

B

Q34

B

Q35

D

Q36

A

Q37

D

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Principles and Practices of Documentary Credit Transactions Specimen Paper A - Answers

Q38

D

Q39

A

Q40

B

Q41

B

Q42

B

Q43

C

Q44

A

Q45

C

Q46

B

Q47

C

Q48

D

Q49

B

Q50

B

Q51

A

Q52

D

Q53

A

Q54

A

Q55

D

Q56

D

Q57

B

Q58

D

Q59

C

Q60

B

Section B All questions in section B are for syllabus reference: Manage the transport, commercial and financial documents used in documentary credit transactions Q61

B

Q62

A

Q63

D

Q64

C

Q65

A

Q66

B

Q67

C

Q68

D

Q69

B

Q70

D

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Principles and Practices of Documentary Credit Transactions Specimen Paper A - Answers

In-basket 1 Q71

A

Q72

D

Q73

D

Q74

B

Q75

C

In-basket 2 Q76

B

Q77

B

Q78

C

Q79

A

Q80

A

In-basket 3 Q81

C

Q82

D

Q83

B

Q84

B

Q85

C

Simulations 1-3 Q86

1,2,3,8,10

Q87

1,3,7,9,10

Q88

1,5,8,9,10

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