RMG Division

1. Major RMG importing country from Bangladesh is

a) United States of America (USA)
b) United Kingdom (UK)
c) Germany
d) Canada

2. Major RMG export from Bangladesh to

a) Europe
b) USA
c) Canada
d) Australia

3. The value of net exports increases when the value of ______

a) Imports of goods and services increase
b) Imports of goods and services decrease
c) Exports of goods and services minus imports of goods and services decreases
d) Exports of goods and services decrease

4. Back to Back LC should be

a) Sight LC
b) Usance LC
c) Stand by LC
d) All of the above

5. Chose the most appropriate answer

a) RMG occupied 80% of total country export
b) RMG occupied more than 80% of country export
c) RMG occupied 75% of total country export
d) RMG occupied more than 75% of total country export

6. This document implies that the goods, that are exported has been manufactured in a
particular country mentioned therein.
a. Shipping bill
b. Bill of entry
c. Performa invoice
d. Certificate of origin

7. In RMG financing, CM stands for

a) Cloth making
b) Cutting & making
c) Contribution margin
d) Calculative margin

8. In RMG financing, PC stands for

a) Plastic container
b) Persian countries.
c) Packaging credit
d) Packing credit

9. In RMG financing ULCBB stands for

a) Usance LC Back to Back
b) Universal LC Back to Back
c) Usance LC Bangladesh Bank
d) Usance LC

10. Main export item in terms of volume of Bangladesh

a) RMG product
b) Jute product
c) Tea
d) Shrimp

11. RMG stands for

a) Ready Made Garments
b) Ready Made Goods
c) Ready Make Garments
d) Real Market Goods

12. Packing credit is

a) An advance for packing goods for export
 b) Pre-shipment finance for export
c) A priority sector advance
d) Advance for import.

13. Pre-shipment advance is not expected to be adjusted by

a) Proceeds of export bill
b) Export incentives
c) Post shipment finance
d) Local funds
14. which document is must for getting the permission by the customs for the export of goods
by sea or air
a. SDF
b. SOFTEX
c. Shipping Bill
d. Commercial invoice

15. Who is responsible for issuing Bill of Lading

a. Shipping company
b. Shipping company agent
c. Both a and b
d. None of these

16. Which is post shipment financing

a) Packing Credit (PC)
b) Time Loan
c) Over Draft (OD)
d) Foreign Bill Purchase (FBP)

17. Which is Pre shipment financing

a) FBPD
b) LBPD
c) HBL
d) PC

18. In RMG sector, ETP stands for

a) Economic Transformation Programme
b) Effluent Treatment Process
c) Exchange Traded Products
d) Effluent Treatment Plant

19. As per regulatory norms, ETP mandatory for

a) Dyeing unit
b) Washing unit
c) Sewing unit
d) Both a & b

20. Pricing of Packing Credit in UCBL is

a) 13%
b) 7%
c) 10%
d) 6%

21. In RMG financing, we may allow ULCBB only against

a) Export LC
b) Sales (Export) contract
c) Work order
d) Both A & B
22. In RMG financing we may allow PC
a) After issuance of ULCBB
b) Before issuance of ULCBB
c) After arriving goods against ULCBB
d) None of the above
23. Deemed exporter means
a) Direct exporter
b) Egg exporter
c) Shrimp exporter
d) Indirect exporter

24. Bond License issued by

a) BGMEA
b) Ministry of Finance
 c) Customs
d) Bangladesh Bank
25. ERC stands for
a) Export Retention Clearance
b) Export Registration clearance
c) Export Retention Quota
d) Export Registration Certificate
26. IRC stands for
a) Import Retention Clearance
b) Import Registration clearance
c) Import Retention Quota
d) Import Registration Certificate

27. While scrutinizing Export LC, Banker must check

a) Mode of shipment
b) Currency & amount
c) Payment Clause
d) All of the above

28. In RMG financing, Fund Coverage means

a) Export LC in hand
b) Total Export Liability
c) Difference between Export Asset and Export liability
d) Difference between Current Asset and Current liability

29. We may not allow Export financing to a RMG factory

a) Situated in a single building
b) Situated in rental building
c) Situated in Own building
d) Situated in shared building
30. Every RMG customer must have
a) BGMEA membership
b) Valid ERC & IRC
c) Bonded warehouse
d) All of the above

31. In RMG financing Which is not correct

a) Export LC should be verified critically
b) Shipment date and expiry date of export LC should be adequate
c) Credit report of the buyer should be obtained
d) None of the above

32. FOB stands for

a) Free over Board
b) Free on Board
c) Free on Board
d) Freight on Board

33. Maximum tenor of a ULCBB is

a) 90 days
b) 120 days
c) 150 days
d) 180 days
34. To avail Foreign ULCBB/Back to Back LC the customer must be/have
a) An exporter
b) Bonded warehouse
c) Export LC/Contract
d) All of the above

35. Margin requirement to avail Back to Back LC

a) 10%
b) 5%
c) 0%
d) 15%

36. Maximum permissible PC is

a) 10% of FOB value
b) 15% of FOB value
c) 20% of FOB value
d) None of the above

37. In RMG aspect, Sweater in under

a) Knit Item
b) Woven Item
c) None of the above
d) Both A & B

38. Worker involved in RMG industry

a) More than 4.00 million
b) More than 40.00 million
c) More than 3.00 million
d) More than 14.00 million

39. In RMG sector, ACCORD is

a) A multinational buyer
b) A Buying House
c) A Garments factory
d) A Fire and Building safety inspection agency

40. Alliance for Bangladesh RMG Worker Safety

a) Represents North American apparel companies and retailers
b) Represents European apparel companies and retailers
c) Represents world’s apparel companies and retailers
d) None of the above

41. BGMEA stands for

a) Bangladesh Garment Manufacturers and Earning Association
b) Bangladesh Garment Makers and Exporters Association
c) Bangladesh Garment Manufacturers and Exporters Association
d) Bangladesh Garment Manufacturer and Exporter Alliance

42. BKMEA stands for

a) Bangladesh Knit Manufacturer & Exporter Association
b) Bangladesh Knitwear Makers & Exporters Association
c) Bangladesh Knitwear Manufacturers & Exporting Association
d) Bangladesh Knitwear Manufacturers & Exporters Association
43. Which one not related with RMG financing
a) Machine capacity
b) ULCBB requirement
c) Performance Guarantee requirement
d) Export performance
44. Which one not involved with RMG financing
a) Buying House
b) Exporter
c) Customer
d) None of the above
45. A RMG exporter received an export LC for USD 10,000/- on FOB basis including Freight
charge USD 200/-; buying house commission USD 100/-; commission to be paid for USD
44/-. Please calculate net FOB value of export LC
a) USD 9700/-
b) USD 9656/-
c) USD 9756/-
d) USD 10,000/-
46. A RMG exporter received an export LC for USD 10,000/- on FOB basis including Freight
charge USD 200/-; buying house commission USD 100/-; considering ULCBB requirement
is 75% . Please calculate net ULCBB value against subject export LC
a) USD 7350/-
b) USD 7500/-
c) USD 7425/-
d) USD 7275/-
47. BTMA stands for
a) Bangladesh Textile Manufacturers Association
b) Bangladesh Textile Mills Alliance
c) Bangladesh Towel Mills Association
d) Bangladesh Textile Mills Association
48. EPB stands for
a) Export Promoting Bureau
b) Exporter Promotion Bureau
c) Export Promotion Bureau
d) Export Promotion Board
49. In RMG financing, UD stands for
a) Unauthorized Disbursement
b) Unavailing Document
c) Utilization Declaration
d) None of the above
50. Which statement is not correct
a) A Banker should assess knowledge of RMG business of a potential RMG entrepreneur
b) Marketing capacity is a not a vital issue for a RMG borrower
c) Export LC should be under UCPDC-520
d) Export Contract should be under URC-600
51. Bangladesh contributing ……% of Global RMG market share
a) 8% to 10%
b) 7% to 8%
c) 6% to 7%
d) 4% to 5%
52. What is the % of source tax for RMG customers
a) 0.50%
b) 0.35%
c) 0.30%
d) 0.00%
53. For RMG exporter import duty is
a) 0.05%
b) 0.10%
c) 0.15%
d) 0.00%
54. Total global apparel market is approximately
a) USD 400 Million
b) USD 400 Billion
c) USD 500 Billion
d) USD 500 Million
55. Which country seems not competitive against Bangladesh in terms of RMG export
A) India
B) Pakistan
C) Sri-lanka
D) Nepal