For participants preparing to undertake the ISBP (International Standard Banking Practice) Quiz as part of their preparation for the Certificate in Documentary Credit Specialist (CDCS) examination, please adhere to the following instructions to ensure a smooth testing experience. This quiz is designed to test your knowledge comprehensively on the ISBP guidelines.
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Instructions for the ISBP Quiz
 
  1. Ensure you are registered by completing the required information for the quiz platform. 
  2. The quiz allows for unlimited attempts. Once you begin, you must complete the quiz in one session. There is no option to pause and resume later. Please allocate sufficient uninterrupted time to complete the quiz.
  3. Be aware of the time allocated for the quiz and plan your time accordingly. The quiz consists of 130 multiple-choice questions. It is advisable to spend no more than a few minutes on each question to ensure you have enough time to complete the entire quiz.
  4. Choose a quiet, comfortable, and well-lit space to take the quiz. Minimize distractions to maintain focus throughout the testing period.
  5. If time allows, review your answers before submitting the quiz. Once you submit your answers, you will not be able to make any changes.
  6. Before starting the quiz, review the ISBP book thoroughly. The quiz covers all aspects of the ISBP, so a comprehensive understanding of the material is crucial for success
  7. After completing the quiz, your results will be processed and sent to you via email by the administering body. Please ensure that your email address on file is current and check your inbox (including spam/junk folders) for the results notification. Follow any additional instructions provided in the email to access your detailed results.
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Best of luck with your ISBP Quiz. This is an excellent opportunity to demonstrate your knowledge and preparedness for the CDCS examination.

5 Sample Questions

General Principles
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According to ISBP, How are abbreviations treated in documents?

  • A. Abbreviations are prohibited.
  • B. Abbreviations may be used if they are commonly understood.
  • C. Abbreviations may be included provided they are not ambiguous or unclear to the examining bank.
  • D. All abbreviations must be defined in the document

Drafts and Calculation of Maturity Date
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What is the basic requirement for drafts under ISBP?

  • A. Drafts must be payable on demand.
  • B. Drafts must be drawn by the terms and conditions of the credit.
  • C. Drafts must include the credit amount in words and figures.
  • D. Drafts must include the credit amount in words and figures.

Invoice Requirements
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As per ISBP, what is required for the description of goods in invoices?

  • A. A detailed list including quantity, price, and weight.
  • B. A generic description that roughly matches the credit.
  • C. Correspondence with the description in the credit, allowing for minor discrepancies.
  • D. Exact match with the description in the credit without any discrepancies.

Multimodal Transport Documents
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According to ISBP, How should the carrier be identified in a multimodal transport document?

  • A. By the carrier's registered business name only.
  • B. By the carrier's logo only.
  • C. Either by name or by logo, and the document must be signed as per UCP 600 Article 19.
  • D. No identification of the carrier is required.

Certificates of Origin
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What is the significance of the content in a Certificate of Origin as per ISBP?

  • A. It must accurately reflect the goods being shipped and correspond with the bill of lading.
  • B. It must contain the signature of the local chamber of commerce.
  • C. It must accurately reflect the goods being shipped and correspond with the information provided in other documents presented under the letter of credit.
  • D. It must include the country of origin only.

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