SBI SCO 2026 Trade Finance Officer Mock Test 1 Full Mock

Q1 Reasoning +1.00 / -0.25 Medium

Series: 2, 5, 11, 23, 47, ?

A 90 B 93 C 95 D 97

Q2 Reasoning +1.00 / -0.25 Easy

Analogy: Bank : Deposit :: Hospital : ?

A Doctor B Patient C Admission D Medicine

Q3 Reasoning +1.00 / -0.25 Hard

If TRADE = 54215 and FINANCE = 6971935, CODE = ?

A 3125 B 3215 C 3152 D 3512

Q4 Reasoning +1.00 / -0.25 Medium

Odd: LC, BG, SBLC, UCP 600, Cheque Book

A LC B BG C SBLC D Cheque Book

Q5 Reasoning +1.00 / -0.25 Easy

Statement: All exporters use LC. Ram is exporter. Ram:

A Uses LC B Does not use LC C May use LC D Unknown

Q6 Reasoning +1.00 / -0.25 Easy

Series: A, E, I, M, Q, ?

A S B T C U D V

Q7 Reasoning +1.00 / -0.25 Easy

Blood: P is Qs father. R is Ps sister. How is R related to Q?

A Aunt B Mother C Uncle D Sister

Q8 Reasoning +1.00 / -0.25 Hard

Coding: LETTER OF CREDIT = 1. If BANK GUARANTEE = 2, then STANDBY = ?

A 1 B 2 C 3 D 4

Q9 Reasoning +1.00 / -0.25 Easy

Find missing: 100, 50, 25, 12.5, ?

A 6 B 6.25 C 7 D 7.5

Q10 Reasoning +1.00 / -0.25 Easy

Venn: 50 banks, 35 offer LC, 30 offer BG, 20 offer both. LC only:

A 10 B 15 C 20 D 25

Q11 Reasoning +1.00 / -0.25 Medium

Series: 1, 4, 10, 22, 46, ?

A 94 B 92 C 96 D 98

Q12 Reasoning +1.00 / -0.25 Easy

Man goes 8km East, 6km North, 8km West. Distance from start:

A 6 km B 8 km C 14 km D 2 km

Q13 Reasoning +1.00 / -0.25 Easy

Mirror image of 2026:

A 9202 B 6202 C mirrored D 2026

Q14 Reasoning +1.00 / -0.25 Medium

Arrange: 1.Invoice 2.Shipment 3.LC Application 4.Payment 5.Delivery of goods

A 3,2,1,4,5 B 3,2,5,1,4 C 1,3,2,5,4 D 3,1,2,5,4

Q15 Reasoning +1.00 / -0.25 Medium

Statement: No exporter is fraudulent. All letter of credit users are exporters. Some LC users:

A Are fraudulent B Are not fraudulent C May be fraudulent D Unknown

Q16 Reasoning +1.00 / -0.25 Easy

Cube 3x3x3, painted all sides, cut into 27. Cubes with 3 red faces:

A 8 B 12 C 6 D 1

Q17 Reasoning +1.00 / -0.25 Medium

If SBI = 19-2-9 and BOI = 2-15-9, then PNB = ?

A 16-14-2 B 16-13-2 C 15-14-2 D 16-14-3

Q18 Reasoning +1.00 / -0.25 Medium

Syllogism: All LC is irrevocable after 2016. UCP 600 governs LCs. LCs governed by UCP 600 are irrevocable:

A True B False C Uncertain D None

Q19 Reasoning +1.00 / -0.25 Easy

Series: Z, W, T, Q, N, ?

A K B J C L D M

Q20 Reasoning +1.00 / -0.25 Easy

Trade Finance team has 12 members. 7 handle LC, 8 handle BG, 5 handle both. Handle only LC:

A 2 B 3 C 4 D 5

Q21 Reasoning +1.00 / -0.25 Hard

Coding: NOSTRO = backward letters. What is VOSTRO?

A RVHGIL B ILFHGI C ELHHKL D EFHIOV

Q22 Reasoning +1.00 / -0.25 Easy

Find missing matrix: [1,3,9],[2,6,18],[3,9,?]

A 27 B 24 C 21 D 18

Q23 Reasoning +1.00 / -0.25 Easy

Logical: If bank rejects LC, then exporter cannot ship. Bank rejected LC. Therefore:

A Exporter can ship B Exporter cannot ship C Uncertain D Bank is wrong

Q24 Reasoning +1.00 / -0.25 Hard

How many triangles in figure with 4 horizontal lines crossed by 3 vertical:

A 18 B 20 C 24 D 28

Q25 Reasoning +1.00 / -0.25 Hard

Analogy: Forfaiting : Long-term :: Factoring : ?

A Short-term B Medium-term C Long-term D Any term

Q26 Reasoning +1.00 / -0.25 Easy

Series: 3, 9, 27, 81, ?

A 162 B 240 C 243 D 300

Q27 Reasoning +1.00 / -0.25 Hard

If 2+3=10, 3+4=21, 4+5=36, then 5+6=?

A 55 B 60 C 65 D 70

Q28 Reasoning +1.00 / -0.25 Easy

Blood: A and B are siblings. C is As son. D is Bs daughter. C and D are:

A Siblings B Cousins C Nephew-niece D Unrelated

Q29 Reasoning +1.00 / -0.25 Medium

Odd: UCP 600, ISBP 821, URC 522, URDG 758, IAS 39

A UCP 600 B ISBP 821 C URC 522 D IAS 39

Q30 Reasoning +1.00 / -0.25 Medium

Series: 5, 12, 26, 54, 110, ?

A 220 B 222 C 224 D 226

Q31 English +1.00 / -0.25 Easy

Synonym of METICULOUS:

A Careless B Precise C Quick D Vague

Q32 English +1.00 / -0.25 Easy

Antonym of LUCID:

A Clear B Transparent C Obscure D Simple

Q33 English +1.00 / -0.25 Easy

Fill: The letter of credit ___ issued by the buyer's bank.

A is B are C were D have

Q34 English +1.00 / -0.25 Easy

One word for 'Payment in advance by buyer before goods shipped':

A Advance Payment B Factoring C Forfaiting D Consignment

Q35 English +1.00 / -0.25 Easy

Identify error: The exporter have submitted the documents on time.

A The exporter B have submitted C the documents D on time

Q36 English +1.00 / -0.25 Easy

Passive: The bank has approved the credit facility.

A The credit facility has been approved by the bank. B The credit facility was approved by the bank. C The bank approves the credit facility. D The credit is approved.

Q37 English +1.00 / -0.25 Easy

Antonym of MANDATORY:

A Compulsory B Obligatory C Optional D Required

Q38 English +1.00 / -0.25 Easy

Fill: The shipping documents ___ to the bank by courier.

A send B sent C were sent D are send

Q39 English +1.00 / -0.25 Easy

Synonym of REMITTANCE:

A Payment B Rejection C Delay D Cancellation

Q40 English +1.00 / -0.25 Easy

Choose the correct sentence:

A The discrepancies was found in the documents. B The discrepancies were found in the documents. C Discrepancies was found. D The discrepancy were found.

Q41 English +1.00 / -0.25 Medium

Comprehension: Banks charge a negotiation fee when they advance funds against LC documents before payment. Negotiate means:

A Bargain B Advance funds against documents C Reject D Postpone

Q42 English +1.00 / -0.25 Easy

Indirect: The importer said I will pay within 30 days.

A The importer said that he would pay within 30 days. B The importer said that he will pay within 30 days. C The importer told I would pay. D The importer said he pays.

Q43 English +1.00 / -0.25 Easy

Antonym of DEFERRED:

A Delayed B Postponed C Immediate D Late

Q44 English +1.00 / -0.25 Easy

Fill: Please ensure compliance ___ UCP 600.

A to B with C by D at

Q45 English +1.00 / -0.25 Medium

One word: Documents that accompany goods for customs:

A Invoice B Shipping documents C Bill of lading D All of these

Q46 English +1.00 / -0.25 Easy

Synonym of DISCREPANCY:

A Agreement B Error/Inconsistency C Approval D Confirmation

Q47 English +1.00 / -0.25 Easy

Choose correct: The advising bank ___ the LC to the beneficiary.

A advise B advising C advises D advised (for past)

Q48 English +1.00 / -0.25 Easy

Fill: He has expertise ___ trade finance.

A at B with C in D on

Q49 English +1.00 / -0.25 Easy

Antonym of STRINGENT:

A Strict B Rigid C Lenient D Harsh

Q50 English +1.00 / -0.25 Easy

One word for person who sells goods and receives payment:

A Exporter/Seller B Importer/Buyer C Agent D Carrier

Q51 English +1.00 / -0.25 Medium

Comprehension: Under DP terms, the importer pays against presentation of documents. DP means:

A Document Payment B Documents against Payment C Direct Payment D None

Q52 English +1.00 / -0.25 Easy

Fill: SWIFT messages are ___ used in international banking.

A widely B wide C wider D widest

Q53 English +1.00 / -0.25 Medium

Idiom: Bottom line in business means:

A Last item on list B Net profit or final result C Lowest price D Minimum order

Q54 English +1.00 / -0.25 Easy

Synonym of COLLATERAL:

A Loan B Security/Guarantee C Interest D Principal

Q55 English +1.00 / -0.25 Easy

Fill: The bank ___ to honor the LC only if documents are compliant.

A agreed B agrees C agreeing D has agree

Q56 English +1.00 / -0.25 Easy

Choose correct passive: Someone must examine the documents.

A The documents must be examined. B The documents must be examinated. C Documents is examined. D The document must examined.

Q57 English +1.00 / -0.25 Easy

Antonym of VOLATILE:

A Unstable B Fluctuating C Stable D Changing

Q58 English +1.00 / -0.25 Easy

One word for 'failure to fulfill financial obligation':

A Surplus B Default C Profit D Dividend

Q59 English +1.00 / -0.25 Medium

Fill: The letter of credit has ___ for 90 days.

A validity B valid C been valid D expire

Q60 English +1.00 / -0.25 Easy

Comprehension: Bank confirmation adds the confirming bank's undertaking to honor drafts. Undertaking means:

A Refusal B Commitment/Obligation C Request D Report

Q61 General Awareness +1.00 / -0.25 Easy

UCP 600 stands for:

A Uniform Customs and Practice for Documentary Credits 600 B Universal Credit Policy 600 C Uniform Credit Procedures 600 D None

Q62 General Awareness +1.00 / -0.25 Easy

UCP 600 was published by:

A WTO B ICC (International Chamber of Commerce) C IMF D World Bank

Q63 General Awareness +1.00 / -0.25 Easy

Full form of SWIFT:

A Society for Worldwide Interbank Financial Telecommunication B Secure Wire Internet Financial Transfer C Standard World Interbank Fund Transfer D None

Q64 General Awareness +1.00 / -0.25 Hard

The current Repo Rate (2026) set by RBI:

A 4.5% B 5% C 5.5% D 6.25%

Q65 General Awareness +1.00 / -0.25 Easy

FEMA stands for:

A Foreign Exchange Management Act B Foreign Exchange Monetary Authority C Finance Exchange Management Agency D None

Q66 General Awareness +1.00 / -0.25 Hard

India's merchandise exports in 2024-25 were approximately:

A USD 250 billion B USD 350 billion C USD 440 billion D USD 500 billion

Q67 General Awareness +1.00 / -0.25 Medium

The ISBP 821 is a publication related to:

A Letters of credit examination practices B Bank guarantee rules C Forex regulations D Syndicated loans

Q68 General Awareness +1.00 / -0.25 Easy

Incoterms 2020 were published by:

A WTO B ICC C UNCTAD D IMF

Q69 General Awareness +1.00 / -0.25 Medium

Under CIF Incoterm, which party arranges main carriage insurance?

A Buyer B Seller C Bank D Shipping company

Q70 General Awareness +1.00 / -0.25 Easy

ECGC stands for:

A Export Credit Guarantee Corporation B External Credit Guarantee Company C Export Credit Growth Corporation D None

Q71 General Awareness +1.00 / -0.25 Medium

Forfaiting involves:

A Short-term receivables B Medium/long-term export receivables without recourse C Domestic trade D Only LC transactions

Q72 General Awareness +1.00 / -0.25 Easy

Factoring is used for:

A Long-term financing B Short-term accounts receivable financing C Project finance D Syndicated loans

Q73 General Awareness +1.00 / -0.25 Medium

What is a 'Red Clause LC'?

A LC with red ink B LC allowing pre-shipment advances to exporter C Expired LC D High-risk LC

Q74 General Awareness +1.00 / -0.25 Easy

EXIM Bank of India provides:

A Retail banking B Export-import trade financing and promotion C Insurance only D Domestic mortgages

Q75 General Awareness +1.00 / -0.25 Medium

NOSTRO account is:

A Our account with foreign bank (in foreign currency) B Foreign bank account with us C RBI account D Current account

Q76 General Awareness +1.00 / -0.25 Medium

VOSTRO account is:

A Our foreign account B Foreign bank's account with us (in our currency) C Time deposit D None

Q77 General Awareness +1.00 / -0.25 Medium

Basel III norms are related to:

A Trade finance rules B Bank capital adequacy and liquidity C Accounting standards D Insurance regulation

Q78 General Awareness +1.00 / -0.25 Hard

SEPA stands for:

A Single Euro Payments Area B Standard European Payments Agency C Secure Electronic Payments API D None

Q79 General Awareness +1.00 / -0.25 Medium

Current Account Convertibility in India:

A Fully convertible B Partially convertible C Not convertible D Only for imports

Q80 General Awareness +1.00 / -0.25 Medium

Capital Account Convertibility in India:

A Fully convertible B Partially convertible C Not convertible D Only for FDI

Q81 General Awareness +1.00 / -0.25 Medium

MTN in trade finance stands for:

A Medium Term Notes B Money Transfer Notification C Main Transfer Number D None

Q82 General Awareness +1.00 / -0.25 Easy

The issuing bank in LC is the:

A Seller's bank B Buyer's bank C Confirming bank D Advising bank

Q83 General Awareness +1.00 / -0.25 Hard

Under URDG 758, demands under bank guarantees must be:

A Made verbally B Made in writing with statement of default C Made to importer D None

Q84 General Awareness +1.00 / -0.25 Easy

Incoterm FOB means:

A Freight on Board B Free on Board C Full On Buyer D Forward Order Basis

Q85 General Awareness +1.00 / -0.25 Hard

LIBOR replacement since 2023:

A LIBOR still used B SOFR (Secured Overnight Financing Rate) C Prime Rate D Fed Funds Rate

Q86 General Awareness +1.00 / -0.25 Medium

AD Category I banks can:

A Only do domestic transactions B Conduct all foreign exchange transactions C Only receive remittances D None

Q87 General Awareness +1.00 / -0.25 Medium

Trade Receivables Discounting System (TReDS) is for:

A Large exporters only B MSME invoice discounting on digital platform C Government bonds D None

Q88 General Awareness +1.00 / -0.25 Medium

RBI Master Direction on Export of Goods and Services regulates:

A Import procedures B Export proceeds repatriation C FDI norms D Banking licenses

Q89 General Awareness +1.00 / -0.25 Medium

Pre-shipment finance includes:

A Only LC discounting B Packing Credit in INR and PCFC in forex C Post-shipment only D None

Q90 General Awareness +1.00 / -0.25 Easy

DGFT stands for:

A Directorate General of Foreign Trade B Department of General Finance and Trade C Director General of Finance and Tax D None

Q91 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Letter of Credit is governed by:

A URDG 758 B UCP 600 C URC 522 D IAS 21

Q92 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

A complying presentation under UCP 600 means:

A Documents match exactly word by word B Documents comply with LC terms, UCP and international standard banking practice C Any documents submitted D Documents physically match

Q93 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Who can amend an LC?

A Only the beneficiary B Only the issuing bank C Issuing bank with applicant consent, subject to beneficiary acceptance D Anyone

Q94 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Under UCP 600, the maximum examination period for documents is:

A 3 banking days B 5 banking days C 7 banking days D 10 banking days

Q95 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Bill of Lading serves as:

A Only proof of shipment B Receipt of goods, evidence of contract of carriage, and document of title C Only transport document D None

Q96 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

A transferable LC allows:

A Partial shipments B Beneficiary to transfer LC to one or more second beneficiaries C Amendment by beneficiary D Any holder to claim payment

Q97 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Deferred Payment LC means:

A Payment at sight B Payment at a future date after complying presentation C No payment D Revolving payment

Q98 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

The term 'Advising Bank' in LC refers to:

A Buyer's bank B Bank that notifies beneficiary of LC (usually in exporter's country) C Guaranteeing bank D Confirming bank

Q99 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

What is 'forged document' risk in trade finance?

A Documents deliberately falsified/counterfeited B Expired documents C Incomplete documents D Late documents

Q100 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

A Standby Letter of Credit (SBLC) is similar to:

A Regular LC for trade B Bank Guarantee (payment on default) C Bill of Lading D Promissory Note

Q101 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

ISBP 821 provides guidance on:

A Bank guarantee claims B Examination of documents under LCs C Forex regulations D Loan documentation

Q102 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Under URC 522, a collection is:

A A bank guarantee B An instruction from a bank to collect payment/acceptance for documents C An LC variant D None

Q103 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Incoterm DDP means:

A Delivered Duty Paid (seller bears all costs to destination) B Documents Duty Paid C Deposit Duty Paid D None

Q104 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

A Bank Guarantee (BG) is:

A Unconditional payment on demand B Primary obligation of issuer C Both A and B D Contingent payment on default

Q105 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

The 'applicant' in an LC transaction is:

A The exporter B The importer/buyer who requests LC C The confirming bank D The shipping company

Q106 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Pre-shipment credit in foreign currency (PCFC) interest rate is:

A Higher than rupee packing credit B Lower than domestic rate (based on LIBOR/SOFR) C Same as home loan rate D Not applicable

Q107 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

What is 'Discounting' of LC documents?

A Examining documents B Bank advancing funds to exporter before maturity against compliant documents C Bank charging fees D Rejecting documents

Q108 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

A confirmed LC means:

A LC is registered with government B Confirming bank adds its irrevocable undertaking to honor documents C LC with two beneficiaries D None

Q109 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Tenor of a usance LC refers to:

A The LC amount B The credit period/time from sight before payment C The issuing bank D None

Q110 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Which is NOT a document typically required in LC?

A Bill of Lading B Commercial Invoice C Packing List D Birth Certificate

Q111 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Incoterm EXW means:

A Exporter with warehouse B Ex Works (minimum seller obligation, buyer bears all costs) C Express Way D None

Q112 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

What is a 'revolving LC'?

A An LC that expires immediately B An LC that renews automatically for specified amount/period C An LC for revolving credit D None

Q113 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

The 'beneficiary' in LC is:

A The buyer B The seller/exporter who receives payment C The issuing bank D The shipping company

Q114 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

UCPDC refers to:

A UCP 400 (earlier version) B Uniform Customs and Practice for Documentary Credits C UN Commission on Private and Documentary Credits D None

Q115 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Key risk in open account trade:

A Exchange rate risk only B Credit risk (buyer may not pay) C No risk D Insurance risk

Q116 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

Trade finance instruments reduce risk through:

A Removing risk entirely B Bank intermediation and conditional payment mechanisms C Government guarantee D Insurance alone

Q117 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

What does 'At sight' mean in LC?

A Payment in future B Payment immediately upon presentation of compliant documents C 30 days after presentation D None

Q118 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

MT 700 SWIFT message is used for:

A Wire transfers B Issuing Letter of Credit C Bank guarantee D Loan syndication

Q119 Professional Knowledge Trade Finance +1.00 / -0.25 Medium

Supply Chain Finance (SCF) benefits:

A Only sellers B Both buyers and sellers by optimizing working capital C Only large companies D Only banks

Q120 Professional Knowledge Trade Finance +1.00 / -0.25 Easy

An LC that cannot be cancelled or amended without beneficiary consent:

A Revocable LC B Irrevocable LC C Transferable LC D Confirmed LC

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