Certified Documentary Credit Specialist (CDCS)

Transcription

1 ertified ocumentary redit Specialist (S) Practice Test Session Number XXXXX This practice test paper is a small sample of the type of questions you will encounter in the actual test paper. This test represents one third of the actual test and should not take longer than 1 hour to complete. Please refer to the S study guide for information on the structure and number of questions that will appear in the actual test paper. This practice test paper consists of two sections: Section and Section. Section consists of 22 multiple choice questions worth one mark each. Section consists of: 3 stand alone analysis questions worth one mark each; 1 in-basket exercise, 5 questions per in-basket, each question worth one mark; 1 simulation exercise worth a maximum of five marks. Following the in-basket and simulation is the supporting documentation for each. (Please note that if taking the text in paper form there will be separate documentation for each in-basket or simulation.) In the questions in both Section and Section you should assume that, unless otherwise stated, there are NO ank Holidays, and Saturdays and Sundays are NOT banking days. UP600 applies throughout. Only silent, non-programmable calculators may be used in this examination. INSTRUTIONS TO NITES 1. Read the instructions on both sides of the answer sheet carefully. 2. o NOT open this exam paper or the in-basket / simulation booklets until instructed to do so. 3. nswer all questions on the answer sheet provided. You may write on the in-basket / simulation booklets or the question paper. 4. efore you leave the examination room you must hand in all the examination materials including the answer sheet, the question paper and the in-basket / simulation booklets and have them checked by the invigilator. Failure to do so will invalidate your entry. qualification jointly examined and awarded by the ifs School of Finance and the International Financial Services ssociation. Endorsed by the International hamber of ommerce.

2 S sample test Section 1. documentary credit for US 120, calls for shipment of fertiliser in February, March, pril and May. Each shipment is to be for about 500 tonnes. Shipment was effected as follows: tonnes sent 24 February for value US 27, tonnes sent 12 pril for value US 33, tonnes sent 30 pril for value US 28, tonnes sent 04 June for value US 33, Which of the above shipments will be honoured on presentation? 1 only. 1 and 3 only. 2 and 4 only. 1, 2 and 3 only. 2. In accordance with ISP98, which of the following statements is correct? The issuer of a standby letter of credit MUST: validate the breach of any underlying transaction. ensure the accuracy of any documents presented. ensure the genuineness of any documents presented. honour presentations that appear on their face to comply. 3. n issuer of a standby credit subject to ISP98 is responsible for: accuracy of any document. act of omission by the nominated bank. observance of law as stated in the standby. performance of any underlying transactions. 4. reimbursing bank has received a valid claim under its reimbursement undertaking and is instructed by the issuing bank NOT to honour the claim. In accordance with the URR525, the reimbursing bank should: request the claiming bank to cancel the claim. instruct the claiming bank to contact the beneficiary. honour the claim and debit the issuing bank's account. dishonour the claim as per the issuing bank's instruction. 5. n importer requires goods of a stipulated quality while the exporter requires certainty of payment. Which of the following would EST meet all requirements? onfirmed standby credit payable on demand calling for beneficiary's quality certificate. onfirmed documentary credit payable at sight calling for beneficiary's quality certificate. onfirmed documentary credit available by acceptance with drafts drawn on confirming bank calling for third party quality certificate. Unconfirmed documentary credit payable at sight with drafts on issuing bank calling for third party quality certificate. Page 1 of 11

3 S sample test 6. German bank has added its confirmation to a documentary credit issued by a Turkish bank. Which of the following risks is NOT borne by the confirming bank? Fraud by the beneficiary. Insolvency of the issuing bank. Refusal of the issuing bank to pay against complying documents. Government restrictions on funds transfer from the issuing bank. 7. Which of the following can be combined under a credit available with and requiring a draft drawn on an issuing bank? 1. Payment. 2. eferred payment. 3. cceptance. 4. Negotiation. 1 and 2 only. 1 and 3 only. 2 and 3 only. 3 and 4 only. 8. In accordance with UP 600, which of the following terms may NOT be altered on a transferred documentary credit? The: amount. required documents. period for presentation. amount of insurance cover. 9. cumulative revolving documentary credit is opened with six months' validity and allowing for US 25, to be drawn each month. If only the first month's shipment is effected in full, what is the available amount in the fourth month? US US 25, US 75, US 100, Page 2 of 11

4 S sample test 10. documentary credit which allows partial shipments has the following shipment schedule: 1,000 units shipped between 01 June XXXX and 30 June XXXX 2,000 units shipped between 01 July XXXX and 31 July XXXX 2,000 units shipped between 01 ugust XXXX and 31 ugust XXXX 3,000 units shipped between 01 September XXXX and 30 September XXXX The beneficiary shipped the goods and presented documents as follows: 1. 1,000 units shipped on 15 June XXXX documents presented on 30 June XXXX 2. 3,000 units shipped on 15 July XXXX and presented on 28 July XXXX 3. 2,000 units shipped on 31 July XXXX and presented on 15 ugust XXXX 4. 3,000 units shipped on 15 September XXXX and presented on 30 September XXXX Which of the above sets of documents are complying? 1 only. 3 only. 1 and 4 only. 1, 2 and 4 only. 11. In accordance with UP 600, which of the following alterations can a first beneficiary request a transferring bank to make under a transferable documentary credit? Extend the expiry date. ecrease the unit price. ecrease insurance cover. Extend the period for shipment. 12. transferable credit can do which of the following? Protect the applicant from the risks of loss and error. llow the second beneficiary to obtain payment for complying documents. Restrict the right of the second beneficiary to claim payment directly from the nominated bank. Permit the supplier to provide the intermediary trader with the security of a documentary credit. 13. documentary credit calls for a draft at 95 days bill of lading date drawn on the confirming bank. The documentary credit is available by: refinance. acceptance. sight payment. deferred payment. Page 3 of 11

5 S sample test 14. documentary credit pre-advice is issued on 1 March for US 510, with the following terms and conditions: - Part shipment allowed. - Latest shipment date 30 pril. - Expiry date 15 May. On 2 March the applicant requests an amendment prohibiting part shipment and extending the expiry date to 30 May. In accordance with UP 600 what MUST the issuing bank do? larify with the applicant the period for presentation. Issue the documentary credit as originally instructed. Issue the documentary credit incorporating all the amendments. Issue the documentary credit incorporating only the extended expiry date. 15. On 03 January XXXX an irrevocable documentary credit for US 500, is confirmed. On 17 January XXXX the confirming bank receives an amendment cancelling the documentary credit which it advises to the beneficiary. s at 18 January XXXX, what is the liability of both banks? Issuing and confirming bank US Issuing and confirming bank US 500, Issuing bank US 0.00 onfirming bank US 500, Issuing bank US 500, onfirming bank US Which of the following statements is correct when an assignment of proceeds has been effected under a documentary credit issued in accordance with UP 600? The assignee must present complying documents to receive payment. The assignee will receive payment of the proceeds directly from the applicant. The value of the documentary credit is reduced by the amount of the assignment. The beneficiary has assigned its rights to the stated amount of proceeds to the assignee. 17. n applicant has given its counter indemnity to its bankers in connection with a delivery order. Which of the following statements would NOT be included? The applicant: indemnifies the bank against all actions, damages and costs. undertakes to accept the underlying documents irrespective of discrepancies. gives the issuing bank authority to debit its account for the full value pending inspection of the goods. undertakes that should the goods form part of a large consignment it will accept that consignment and pay the full value. 18. documentary credit is issued for an amount of GP 60, and calls for drafts to be drawn at 30 days from bill of lading date. ocuments have been presented with a bill of lading dated 09 November XXXX. Which of the following tenors on the draft will NOT be acceptable? 09 ecember XXXX. 30 days from bill of lading date. 30 days after 09 November XXXX. 30 days date, draft dated 09 November XXXX. Page 4 of 11

6 S sample test 19. Which of the following documents MUST be signed? Packing list. ertificate of origin. ommercial invoice. Weight specification. 20. credit requires an 'invoice' without further definition. Which of the following MUST be considered a discrepancy? Presentation of a document identified as a tax invoice. n invoice which is not signed. n invoice made out in a different currency to the credit. n invoice issued for an amount in excess of that permitted by the credit. 21. beneficiary presents complying documents to a confirming bank under a documentary credit available by deferred payment. The beneficiary requests that the confirming bank purchase the documents and prepay against its undertaking. In accordance with UP 600, which of the following may be the correct course(s) of action for the confirming bank? 1. Obtain the issuing bank's agreement prior to paying the beneficiary. 2. Refuse the beneficiary's request while undertaking to pay at maturity. 3. Prepay the deferred payment undertaking. 4. Obtain an agreement for recourse to the beneficiary. 1 only. 4 only. 2 and 3 only. 3 and 4 only. 22. documentary credit advised to a beneficiary payable at sight calls for documents to include an invoice made out in the name of the applicant. ocuments presented to the negotiating bank by the beneficiary include a customs invoice but no commercial invoice. ll other terms and conditions have been met. What action should the negotiating bank take? Reject the documents as non-complying. Refer to the issuing bank for authority to pay. Return the documents for amendment by the beneficiary. Pay the documents as fully complying with the terms of the credit. Page 5 of 11

7 S sample test The following 3 questions, 23 25, are stand alone analysis questions with no supporting documentation. Page 6 of 11

8 S sample test Section 23. If the IF or IP value cannot be determined from the documents, a nominated bank will accept an insurance document, which covers: % of the gross amount of the invoice % of the gross amount of the invoice % of the documentary credit amount % of the amount for which payment, acceptance or negotiation is requested under the credit. 1 and 3 only. 2 and 4 only. 1, 2 and 4 only. 1, 3 and 4 only. 24. documentary credit for US 150, calls for a full set of bills of lading and an insurance certificate to cover all risks. The bill of lading presented indicates an on board date of 15 ecember. Which of the following insurance documents are acceptable? 1. Policy for US 185, ertificate dated 17 ecember. 3. eclaration signed by a broker. 4. Subject to a franchise. 1 and 2 only. 1 and 4 only. 2 and 3 only. 3 and 4 only. 25. documentary credit is issued for an amount of approximately GP 40, payable with drafts drawn at 30 days from date of shipment. ocuments are presented on 22 September XXXX with bills of lading dated 01 September xxxx and for value GP 38, Which of the following drafts would be accepted? days from 01 September XXXX for approximately GP 40, days from date of shipment value GP 38, ue 01 October XXXX value GP 38, days from bill of lading date 01 September XXXX value GP 38, and 2 only. 1 and 3 only. 2 and 4 only. 3 and 4 only. Page 7 of 11

9 S sample test The following 5 questions, 26 30, relate to the supporting documentation from In-basket 1. Page 8 of 11

10 S sample test 26. Which of the following statements is correct? vailability is consistent with the role of a confirming bank. The confirmation commission is for the beneficiary's account. The documentary credit amount is subject to a 10% tolerance. n original certificate of origin must be presented. 27. Which of the following statements are correct? 1. The confirming bank is able to determine the maturity date. 2. Required documents do not conflict with the delivery terms. 3. onditions of beneficiary's certificate require clarification. 4. ill of lading is not the appropriate transport document. 1 and 3 only. 1 and 4 only. 2 and 3 only. 2 and 4 only. 28. Which of the following statements are correct? 1. escription of goods quantity is consistent with the documentary credit amount. 2. The issuing bank needs to send a mail confirmation of the documentary credit. 3. rawee requirement is inconsistent with the role of a confirming bank. 4. The period for presentation of documents requires clarification. 1 and 2 only. 1 and 4 only. 2 and 3 only. 3 and 4 only. 29. Which of the following statements relating to the insurance requirements, as specified, are correct? 1. n insurance certificate would be acceptable in lieu of an insurance policy. 2. n insurance document stating that certain risks had been excluded may be acceptable. 3. The insurance document will need to show claims, if any, payable in razilian currency. 4. Insurance cover to a minimum of 110% of the invoice value would be acceptable. 1 and 3 only. 1 and 4 only. 2 and 3 only. 2 and 4 only. Page 9 of 11

11 S sample test 30. Which of the 'additional conditions' are deemed to be non-documentary? 1. eneficiary must provide the applicant with details of the shipment. 2. Shipment must be made on a vessel named utterfly. 3. Goods must be inspected by the applicant prior to shipment. 4. Goods must be of Indian or hinese origin. 1 and 2 only. 1 and 3 only. 2 and 4 only. 3 and 4 only. Page 10 of 11

12 ertified ocumentary redit Specialist (S) Practice Test Session Number XXXXX This practice test paper is a small sample of the type of questions you will encounter in the actual test paper. This test represents one third of the actual test and should not take longer than 1 hour to complete. Please refer to the S study guide for information on the structure and number of questions that will appear in the actual test paper. Supporting ocumentation for Practice Test In-asket Exercise. In-asket 1 should be referred to when answering Questions UP600 applies throughout. INSTRUTIONS TO NITES 1. Read the instructions on both sides of the answer sheet carefully. 2. o NOT open this exam paper or the in-basket / simulation booklets until instructed to do so. 3. nswer all questions on the answer sheet provided. You may write in the in-basket / simulation booklets or the question paper. 4. Refer to the relevant in-basket supporting documentation, as indicated above, when answering questions 91 to 105 in the question paper 5. efore you leave the examination room you must hand in all the examination materials including the answer sheet, the question paper and the simulation booklets and have them checked by the invigilator. Failure to do so will invalidate your entry. qualification jointly examined and awarded by the ifs School of Finance and the International Financial Services ssociation. Endorsed by the International hamber of ommerce.

13 Section Supporting ocumentation In-asket 1 In-asket 1 should be referred to when answering Questions Introduction You are a ocumentary redit specialist at an advising bank and receive the attached documentation today. The following questions relate to a documentary credit issued on the MT700.

14 INOMING SWIFT MSG 700 FROM ISSUING NK TO VISING NK MESSGE USER REFERENE : SEQUENE OF TOTL 1/1 40 : FORM OF OUMENTRY REIT IRREVOLE 20 : OUMENTRY REIT NUMER : TE OF ISSUE 06 MRH XXXX 40E: PPLILE RULES UP LTEST VERSION 31 : TE N PLE OF EXPIRY 06 NOVEMER XXXX US 50 : PPLINT XYZ O 59 : ENEFIIRY O 32 : URRENY N MOUNT US 1,000, : VIL. WITH/Y 42 : RFTS T 42 : RWEE 43P : PRTIL SHIPMENTS 43T : TRNSHIPMENTS 44 : LTEST TE FOR SHIPMENT ISSUING NK Y EPTNE 120 YS SIGHT XYZ O PROHIITE PROHIITE 06 OTOER XXXX 44E: PORT OF LOING / MUMI, INI IRPORT OF EPTURE 44F: PORT OT ISHRGE / SO PULO IRPORT OF ESTINTION 45 : ESRIPTION OF GOOS 46 : OUMENTS REQUIRE OUT 1,000,000 PIEES OF FROZEN HIKEN LEGS T ONE OLLR PER PIEE IF +SIGNE OMMERIL INVOIE IN THREEFOL +PKING LIST IN THREE FOL

15 +ERTIFITE OF ORIGIN IN 1 OPY +ENEFIIRIES ERTIFITE STTING THT FROM THE OUMENTS REQUIRE UNER THIS REIT THE FOLLOWING HVE EEN FORWRE TO THE XYZ OMPNY WITHIN FIVE YS FTER THE SHIPMENT TE: OMMERIL INVOIE ONE OPY ERTIFITE OF ORIGIN ONE OPY INSURNE ERTIFITE ONE ORIGINL ILL OF LING +INSURNE POLIY OVERING LL RISKS ISSUE IN TWO ORIGINLS +FULL SET OF ILLS OF LING ONSIGNE TO ORER OF PPLINT MRKE FREIGHT PI. 47 : ITIONL ONITIONS 1 ENEFIIRY MUST PROVIE PPLINT WITH ETILS OF SHIPMENT 2. SHIPMENT MUST E ME ON VESSEL UTTERFLY 3. GOOS MUST E INSPETE Y PPLINT PRIOR TO SHIPMENT 4. GOOS MUST E OF ININ OR HINESE ORIGIN 48 : PERIO FOR PRESENTTION WITHIN 20 YS FTER THE TE OF SHIPMENT UT WITHIN REIT VLIITY 49 : ONF INSTRUTIONS ONFIRM 78 : INSTRUTIONS ON REEIPT OF OUMENTS Y US IN OMPLINE WITH THE REIT WE WILL REIMURSE YOU IN ORNE WITH YOUR INSTRUTIONS T MTURITY *****MESSGE PSSE UTHENTITION****

16 S sample test Please refer to separate ocumentation for Simulation 1. Page 11 of 11

17 ertified ocumentary redit Specialist (S) Practice Test Session Number XXXXX This practice test paper is a small sample of the type of questions you will encounter in the actual test paper. This test represents one third of the actual test and should not take longer than 1 hour to complete. Please refer to the S study guide for information on the structure and number of questions that will appear in the actual test paper. Practice Test Simulation Exercise UP600 applies throughout. INSTRUTIONS TO NITES 1. Read the instructions on both sides of the answer sheet carefully. 2. o NOT open this exam paper or the in-basket / simulation booklets until instructed to do so. 3. Identify the discrepancies for each simulation on the attached relevant checklist then transfer your answers to the main answer sheet. You may write in the simulation booklet and the question paper. 4. efore you leave the examination room you must hand in all the examination materials including the answer sheet, the question paper and the simulation booklets and have them checked by the invigilator. Failure to do so will invalidate your entry. qualification jointly examined and awarded by the ifs School of Finance and the International Financial Services ssociation. Endorsed by the International hamber of ommerce.

18 SIMULTION 1 INSTRUTIONS You are the document checker at the nominated confirming bank. SSUMPTIONS 1) Today s date Monday 30 June XXXX. 2) ll signatures where shown are original. 3) The documentary credit was opened correctly and duly passed authentication. 4) The documents are presented in the required number of originals and copies. 5) The documents are duly endorsed where required. SUPPORTING OUMENTTION 1) ocumentary credit (MT 700) 2) ommercial invoice 3) MR INSTRUTIONS TO STUENTS Identify the five discrepancies on the attached discrepancy checklist (document 1) then transfer your answers to the main answer sheet.

19 ISREPNY HEKLIST. Shipment not within period allowed.. Partial shipment effected.. ocumentary credit overdrawn.. ocuments do not evidence goods of utch origin. E. No bill of exchange presented. F. mount on the commercial invoice incorrect. G. Transport document not correctly issued to the order of the applicant. H. Transport document not signed in accordance with UP 600. I. Transport document not stamped and signed by the shipper. J. The invoice covers merchandise not called for in the documentary credit. ocument 1

20 MT700 INOMING SWIFT MT700 FROM ISSUING NK TO VISING NK MERH NK, ISTNUL, TURKEY NK, ROTTERM, THE NETHERLNS 27: SEQUENE OF TOTL 1/1 40: FORM OF OUMENTRY REIT IRREVOLE 20: OUMENTRY REIT NUMER : TE OF ISSUE 07 MY XXXX 40E: PPLILE RULES UPURR LTEST VERSION 31: TE N PLE OF EXPIRY 01 JULY XXXX, ROTTERM, THE NETHERLNS 50: PPLINT FTORING.S. ISTNUL, TURKEY 59: ENEFIIRY E GROOT MHINES.V. HRLEM, THE NETHERLNS 32: URRENY N MOUNT EUR180, : VILLE WITH/Y NK, ROTTERM Y EF PYMENT 42P: EFERRE PYMENT ETILS 180 YS FROM MR TE 43P: PRTIL SHIPMENTS NOT LLOWE 43T: TRNSHIPMENT NOT LLOWE 44: ON OR/ISP/TKING HRGE HRLEM, THE NETHERLNS 44: FOR TRNSPORTTION TO HLKLI FREE ZONE, ISTNUL, TURKEY, Y TRUK 44: SHIPMENT PERIO URING MILE OF JUNE XXXX 45: ESRIPTION OF GOOS N/OR 1 UNIT ''E GROOT'' RN ROTRY UTTING SERVIES MHINE, TYPE 500, WITH LL NEESSRY ESSORIES USTOMS TRIFF NUMER ELIVERY TERMS IP HLKLI FREE ZONE, ISTNUL, TURKEY ocument 2

21 46: OUMENTS REQUIRE +SIGNE OMMERIL INVOIE IN 3 FOL INITING THE SERIL NUMER OF THE MHINE N ERTIFYING THT THE MHINE IS NEW N NOT USE EFORE. +ORIGINL MR TRNSPORT OUMENT ONSIGNE TO THE ORER OF FTORING.S., ISTNUL, TURKEY N MRKE FREIGHT PREPI. 47: ITIONL ONITIONS OUMENTS ISSUE PRIOR TO THE ISSUE TE OF THIS OUMENTRY REIT RE NOT EPTLE. LL OUMENTS MUST SHOW THE NUMER OF THIS OUMENTRY REIT. GOOS MUST E OF UTH ORIGIN 71: HRGES LL NKING HRGES N OMMISSIONS RE FOR OUNT OF PPLINT. 48: PERIO FOR PRESENTTION 10 YS 49: ONFIRMTION INSTRUTIONS ONFIRM 78: INSTR TO PYG/PTG/NEGOTG NK WE SHLL REIMURSE YOU ON THE MTURITY TE IN ORNE WITH YOUR INSTRUTIONS PROVIE THT OUMENTS IN STRIT ONFORMITY WITH THE TERMS N ONITIONS OF THIS OU- MENTRY REIT RE ULY PRESENTE T YOUR OUNTERS. 72: SENER TO REEIVER INFORMTION PLESE KNOWLEGE REEIPT Y SWIFT MT730. ***MESSGE PSSE UTHENTITION***

22 E GROOT MHINES.V. SPRNE 1000 Tel: **31(0) V HRLEM Fax: **31(0) THE NETHERLNS OMMERIL INVOIE nr. 987 TO: FTORING.S. 1, HR SOKK ISTNUL, TURKEY ORIGINL Haarlem, 21 June XXXX ESRIPTION OF GOOS: 1 UNIT '"E GROOT" RN ROTRY UTTING MHINE TYPE 500 SERIL NUMER 2003 USTOMS TRIFF NUMER OMPLETE WITH LL NEESSRY ESSORIES INLUING SET OF FREE VERTISING N PROMOTION MTERIL WE ERTIFY THT THE MHINE IS RN NEW N WS NOT USE EFORE PRIE: ROTRY UTTING MHINE EUR 180,000 ESSORIES EUR 20,000 TOTL IP HLKLI FREE ZONE, ISTNUL EUR 200,000 Marks:2003 pallet numbers 1/5-4/5 Total 4 pallets, gross weight 10,000 kg. For and on behalf of E GROOT MHINES.V.. de Groot ocumentary redit no ocument 3

23 Original for shipper (sender) 1 Sender (Name, ddress, ountry) E GROOT MHINES.V. SPRNE V HRLEM THE NETHERLNS 2 consignee FTORING.S. 1, HR SOKK ISTNUL, TURKEY MR INTERNTIONL ONSIGNMENT NOTE This transport is, unless otherwise specified, subject to the onvention on the ontract for the International arriage of Goods by Road (MR) 16 carrier (Name, ddress, ountry) WINMILL TRNSPORT.V RKS VK HRLEM. The Netherlands 3 Place of delivery of the goods Place HLKLI FREE ZONE, ISTNUL ountry TURKEY 4 Place and date of taking in charge of the goods Place HRLEM ountry THE NETHERLNS 17 consecutive carrier 18 reserves and remarks by the carrier MR nr. 100 ate 21 JUNE XXXX 5 ocuments enclosed 6 marks & numbers 7 number of packages 8 packing type 9 Goods description 1 UNIT '"E GROOT" RN ROTRY UTTING MHINE TYPE 500 SERIL NUMER 2003 Marks:2003 pallet numbers 1/5-4/5 4 wooden pallets ocumentary redit number: Instructions by the carrier (customs formalities) 10 statistic number 11 gross weight 10,000 kg 12 volume 10 cbm 19 freight tariff and specifications 14 Reimbursement 15 Freight instructions 20 Special agreements FREIGHT PREPI 25 truck / lorry/ vehicle details REGISTRTION NUMER: 51-G-LN NTIONLITY: UTH 21 Place and date of issue: HRLEM, 10 JUNE XXXX Goods received ate: Stamp and signature of shipper W. Mill Stamp and signature of carrier Stamp and signature of consignee ocument 4

24 S sample test nswers Multiple-choice Syllabus Ref 1 hapter 6, Section hapter 3, Section hapter 3, Section hapter 9, Section hapter 4, Section hapter 11, Section 7 7 hapter 8, Section hapter 3, Section hapter 3, Section hapter 3, Section hapter 3, Section hapter 3, Section hapter 3, Section hapter 5, Section hapter 5, Section hapter 3, Section hapter 10, Section hapter 7, Section hapter 8, Section hapter 7, Section hapter 4, Section hapter 7, Section hapter 7, Section hapter 7, Section hapter 7, Section 3.1 In - asket 1 Syllabus Ref Simulation 1 Syllabus Ref 31 HJ