Trade Resources Industry Knowledge Learn Trade Knowledge - Win New Year Gifts

Learn Trade Knowledge - Win New Year Gifts

Activity Date: January 10th ~ January 31st (GMT+8:00)

Learn Trade Knowledge - Win New Year Gifts

Happy New Year!

Thank you for joining in our activity. Good luck for you to win a wonderful new year gift during the lucky draw!

We will update the previous quiz answer every day. You can review the answers in this page in order to strengthen the understanding of the trading knowledge.

Here are the answers of the questions in the activity.

January 25, 2014

No. Question Multiple-choice Answer Tips
1 T/T means Telegraphic Transfer. A. Yes

B. No
A T/T stands for Telegraphic Transfer.
2 Users can search by ___ via Made-in-China.com. A. Product, RFQ/Sourcing Request or Supplier

B. Product only
A Users can search by Product, RFQ/Sourcing Request or Supplier via Made-in-China.com.
3 Buyers can search Audit Reports by Supplier's Company Name on Made-in-China.com. A. Yes

B. No
A Buyers can search Audit Reports by Supplier's Company Name on Made-in-China.com.
4 How much will Global Buyers cost per year? A: $ 399.9

B. $ 199.9
B The Global buyers will cost $ 199.9, and Pro buyers costs $ 399.9.
5 Supplier Members can also post RFQs/Sourcing Requests for quotations on Made-in-China.com. A. Yes

B. No
B Chinese Suppliers could sell their products on Made-in-China.com. Only buyer members could post RFQs/Sourcing Requests for Quotation. 

January 24, 2014

No. Question Multiple-choice Answer Tips
1 E-mail Checking Tool provided by Made-in-China.com is used to check ______ e-mail address. A. Supplier's

B. Buyer's
A E-mail Checking Tool provided by Made-in-China.com is used to verify Supplier's e-mail address.
2 Buyers can search only by Product Keywords to find suitable suppliers on Made-in-China.com. A.Yes

B.No
B Buyers can search by Product Keywords, Supplier or RFQ/Sourcing Request on Made-in-China.com.
3 During international trade process, goods can be delivered by sea or by air. A.No, by sea only.

B.Yes.
B During international trade process, buyers can deliver goods by sea or by air.
4 All the buyers with or without an account could post RFQs/Sourcing Requests for Quotation  on Made-in-China.com. A. Yes  

B. No
B Buyers should registered on Made-in-China.com first if want to post RFQs/Sourcing Requests for Quotation.
5
The suppliers with "Audited  Supplier"on Made-in-China.com are ______. You can view the related Audit Reports in the suppliers' showroom.
A. Gold Suppliers

B. Audited Suppliers
B The suppliers with " Audited  Supplier"on Made-in-China.com are Audited Suppliers. You can view the related Audit Reports in the suppliers' showroom.

January 23, 2014

No. Question Multiple-choice Answer Tips
1 After buyers post product requirements on our website, they will receive quotations from our Gold Supplier members. A.Yes

B.No
A Sourcing Channel of Made-in-China.com is for buyers to post their requests publicly and then our Gold Supplier Members will quote for those requests.
2 Buyers can search Audit Reports by ____ on Made-in-China.com. A.Supplier's Company Name

B.Audit Report No.
A Buyers can search Audit Reports by Supplier's Company Name on Made-in-China.com
3 FOB stands for______. A.Forward Operating Base

B.Free on Board
B FOB stands for Free on Board.
4 All Made-in-China.com buyers could apply for Virtual Credit Card service. A. Yes

B. No
B Credit can be used flexibly in international trade processes with the Virtual Credit Card. As soon as shipment is delivered to you, Made-in-China will pay the suppliers in advance, this way you won't need to divert your own capital or bank credit to cover the cost of purchases. This service will benefit both sides to conclude the transaction and relieve financial pressure. However, buyers who apply for this service should be checked strictly by Made-in-China.com.
5 The Global buyers could use STS services free. A. Yes  

B. No
B For free buyers, STS Services will cost US$ 20 for escrow.

January 22, 2014

No. Question Multiple-choice Answer Tips
1 The buyers could sell their products on Sourcing Channel. A. Yes
 
B. No
Only RFQs/Sourcing Requests could be posted on Sourcing Channel.
2 Free buyer members could upgrade to Premium Buyers Membership without any charge. A. Yes 

B. No
B Premium Buyers Membership includes Pro Buyers and Global Buyers. The Global buyers will cost $ 199.9 per year, and Pro buyers costs $ 399.9
3 A valid L/C (Letter of Credit) must provide a_____. A. shipping date

B. period of validity
B A valid L/C (Letter of Credit) must provide a period of validity.
4 Buyer members could get 100 Bonus Points by successful registration on Made-in-China.com. A. Yes
 
B. No
 A For those buyers who create MIC accounts successfully, they will get 100 Bonus Points.
5 Chinese free suppliers cannot quote to buyers' RFQs/Sourcing Requests. A. Yes
 
B. No
 A Only Gold Members on Made-in-China.com could quote to buyers' RFQs/Sourcing Requests.

January 21, 2014

No. Question Multiple-choice Answer Tips
1 How many regional Channels does Made-in-China.com have? A. 24

B. 20
A Made-in-China.com has 24 regional Channels now.
2 Does Made-in-China.com have French B2B Platform? A.Yes

B.No
A Made-in-China.com has ten Multilingual B2B Platform including Spanish, Portuguese, French, Russian, Italian, German, Dutch, Arabic, Korea and Japanese.
3 EXW stands for _____. A. EX Worldwide

B. EX Works
B EXW stands for EX Works.
4 You can source_____via Made-in-China.com. A. Chinese suppliers and products

B. International suppliers and products 
A Made-in-China.com is a B2B website for global buyers to source Chinese products and Chinese suppliers.
5 How much will Pro Buyers cost per year? A: $ 199.9

B. $ 399.9
B The Global buyers will cost $ 199.9, and Pro buyers costs $ 399.9

January 20, 2014

No. Question Multiple-choice Answer Tips
1 Made-in-China.com has online chat services for buyers and suppliers. A.No

B.Yes
B To get online timely communications on Made-in-China.com, all the buyers and the suppliers could use our Live Chat.
2 Who can post RFQs/Sourcing Requests for Quotation on Made-in-China.com? A. International buyers

B. Chinese suppliers
Chinese Suppliers could sell their products on Made-in-China.com. Only buyers could post Sourcing  Requests. 
3 CIF stands for______. A.Cost of International Freight

B.Cost, Insurance and Freight
B CIF stands for Cost, Insurance and Freight.
4 Premium Buyers Membership including 3 buyer types. A. Yes
 
B. No
B Made-in-China.com has 2 kinds of Premium Buyers Membership, which are Global Buyers and Pro Buyers.
5 The inquiries will be saved in virtual office if buyers are in login state. A. Yes
 
B. No
A If the buyers send inquiries to suppliers without login state, the messages cannot be saved in virtual office.

January 19, 2014

No. Question Multiple-choice Answer Tips
1 Which is the correct address of Made-in-China.com? A.www.made-in-china.com

B.www.madeinchina.com 
A Our website address is www.made-in-china.com.
2 Global buyers could join Audited Suppliers on Made-in-China.com. A. Yes  

B. No
B Only Chinese suppliers could join Audited Suppliers. Buyers could join our Premium Buyers Membership to enjoy more VIP services.
3 Which is safer terms of payment during international trade process? A.L/C

B.100% T/T before 
A For buyers, L/C is a better choice to pay for goods during international trade process.
4 Buyers can post one RFQ/Sourcing Request for Quotation publicly to get 10 quotations at most . A.Yes

B.No
B Buyers can post one RFQ/Sourcing Request for Quotation publicly to get  20 quotations at most.
5 Buyers can send inquiry directly to interested suppliers via our online message system by_____. A.Clicking "Contact Now"

B.Supplier's e-mail address
A Buyers can send inquiry directly to interested suppliers via our online message system by clicking "Contact Now".           .

January 18, 2014

No. Question Multiple-choice Answer Tips
1 The headquarter of Made-in-China.com is located in ____. A. India

B. China
B The headquarter of Made-in-China.com is located in mainland, China.
2 There are only Free Supplier Members and Audited Suppliers on Made-in-China.com. A.Yes

B.No
B There are Free Supplier Members, Audited Suppliers, Gold Members and buyer members on Made-in-China.com.
3 T/T stands for _____. A. Telegraphic Transfer

B. Tested/ Telex
A T/T stands for Telegraphic Transfer.
4 Our Buyer Members can receive and read suppliers' replies in the Virtual Office. A.Yes

B.No
A Our Buyer Members can receive and read suppliers' replies in the Virtual Office while in login state.
5 How many RFQs/Sourcing Requests can premium buyer members  submit in 24 hours? A. 36 

B. 60
B Free buyer members can submit 36 RFQs/Sourcing Requests in 24 hours. Premium buyer members could submit up to 60.

January 17, 2014

No. Question Multiple-choice Answer Tips
1 What type of website is Made-in-China.com? A. Customer to Customer (C2C)

B. Business to Business (B2B)
B Made-in-China.com is a B2B (Business to Business) website for global buyers to source Chinese products and Chinese suppliers.
2 Are buyers able to search products on Made-in-China.com using mobile phone? A.Yes

B.No
A Buyers can also use their mobile phone to search products on Made-in-China.com.
3 During international trade process, buyers must provide____to clearance and pick up goods after the ship arrived the port of destination. A.Invoice, B/L, P/L
 
B.Product Pictures
A During international trade process, buyers must provide invoice, B/L, and P/L to clearance and pick up goods after the ship arrived the port of destination.
4 Made-in-China.com manufactures and sells products itself. A.Yes

B.No
B Made-in-China.com is not a manufacturing company in any field, so we don’t have any product to offer you.
5 Audit Reports are in the standard PDF document form, which are provided by _____ in co-operation with Made-in-China.com. A.SGS Group

B.China Government
A Audit Reports are in the standard PDF document form, which are provided by SGS Group in co-operation with Made-in-China.com.

January 16, 2014

No. Question Multiple-choice Answer Tips
1 Does Made-in-China.com have mobile channel? A.Yes

B.No
A Made-in-China.com's mobile channel is available on Android and the App Store.
2 What is the price to buy one Audit Report on Made-in-China.com? A.$99

B.$39.5
B The price to buy one Audit Report on Made-in-China.com is $39.5.
3 EXW is a kind of Trading Terms. A.Yes

B.No
A EXW means EX-WORKS, which is a trading term requiring the seller to deliver goods at his or her own place of business. All other transportation costs and risks are assumed by the buyer.
4 How many kinds of Premium Buyers Membership does Made-in-China.com have? A.3

B.2 
B Made-in-China.com has 2 kinds of Premium Buyers Membership, which is Global Buyers and Pro Buyers.
5 How many main categories does Made-in-China.com classify all the products into? A.18

B.27
B Made-in-China.com classify all the products into 27 categories.

January 15, 2014

No. Question Multiple-choice Answer Tips
1 Free buyer member could get 4 free Audit Reports on Made-in-China.com. A. Yes
 
B. No
B The Pro buyer on Made-in-China.com could get 10 free Audit Reports, and the Global Buyer could get 4 free reports. Free buyer member should pay US $39.5 for each report.
2 How to contact suppliers on Made-in-China.com? A. Click "Contact Now" button

B. Contact Buyer Service on Made-in-China.com
A While you have found your interested supplier on Made-in-China.com, you can click the yellow button of "Contact Now" to send your inquiry directly to the supplier.  
3 D/P stands for _____. A. Documents against Payment

B. Definition of Payment
A D/P stands for Documents against Payment.
4 If you have not registered as our buyer member, can you send inquiry directly to our suppliers? A.Yes

B.No
A As our buyer member or not, you can send inquiry directly to our supplier members.
5 Buyers can not Live Chat with us for help while using Made-in-China.com. A.Yes

B.No
B Buyers can Live Chat with us for help while using Made-in-China.com.

January 14, 2014

No. Question Multiple-choice Answer Tips
1 Buyers can search by Supplier to source products on Made-in-China.com. A.Yes

B.No
A Buyers can search by Product Keywords, Supplier or RFQ/Sourcing Request on Made-in-China.com.
2 How many Multilingual B2B Platforms does Made-in-China.com have? A.8

B.10
B Made-in-China.com has ten Multilingual B2B Platform including Spanish, Portuguese, French, Russian, Italian, German, Dutch, Arabic, Korea and Japanese.
3 W/U stands for _____. A. Western Union

B. Weight of Unit
A W/U stands for Western Union.
4 Is the registration as Made-in-China.com's buyer member free of charge? A.Yes

BNo
A Buyers can register as our buyer member free of charge on Made-in-China.com.
5 You will never be able to enter your Virtual Office again if you forgot the password? A.Yes

B.No
B If you forgot the password of your member account, you can request a new password via https://login.made-in-china.com/logon.do?xcase=getBackPassword.

January 13, 2014

No. Question Multiple-choice Answer Tips
1 While log on Made-in-China.com, the password is not case sensitive. A. Yes

B. No, it is case sensitive.
B The password on Made-in-China.com is case sensitive, so please be sure to set your Caps Lock key correctly while you want to logon on Made-in-China.com.
2 How long could buyer members save inquiries in virtual office? A. 3 Months

B. 1 Year 
B Buyer members on Made-in-China.com could save inquiries for 1 year. After one year the inquiries in virtual office will be deleted by system. Please download the messages if you want to keep records.
3 What does  T/T stands for? A. Telegraphic Transfer
 
B. Truck Transfer
A T/T stands for telegraphic transfer, a form of bank transfer. T/T payments are a cheap and fast way of transferring money overseas through most banks.
4 What is Audited Suppliers on Made-in-China.com? A: Reliable suppliers  pre-inspected by SGS.
       
B: All the Chinese suppliers
A SGS, the world's leading inspection, verification, testing and certification company, personally and individually audits our Audited Suppliers to make sure they meet world class standards.
5 Global buyers could get Bonus Points after uploading the valid certification to Made-in-China.com. A. Yes  

B. No
 A To reward buyers who upload valid certifications successfully, they will get 30 Bonus Points.

January 12, 2014

No. Question Multiple-choice Answer Tips
1 Made-in-China.com could provide various products to buyers directly. A. No

B. Yes 
A Made-in-China.com (www.made-in-china.com) is a B2B website for global buyers to source Chinese products and Chinese suppliers. We are not a manufacturing company in any field, so we don’t have any product to offer buyers. 
2 How many RFQs/Sourcing Requests can free buyer members  submit in 24 hours? A.36 

B.60 
A Free buyer members can submit 36 RFQs/Sourcing Requests in 24 hours. Premium buyer members could submit up to 60.
3 What is CIF? A. Cost, Insurance and Freight

B. Cost and Freight
A Cost, Insurance and Freight (CIF) – An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods past the ship’s rail at the port of shipment (not destination). The seller is also responsible for paying for the costs associated with transport of the goods to the named port at destination. 
4 What is Bonus Points on Made-in-China.com? A. It is a bonus system for rewarding buyer members

B. It is  a bonus system for rewarding Chinese suppliers
A Bonus Point is a kind of bonus system for rewarding buyer account members on Made-in-China.com. Buyer Members can earn bonus points after completing some operating process such like registration etc., and then use the points to exchange for valued added services.
5 What is STS Services? A. Secured Trading Services
 
B. Small Trading Services
A Made-in-China.com Secured Trading Services (STS), as the independent trusted third party, holds and disburses the payment dependently on the fulfillment of agreements by both seller and buyer. We will only release payment to the supplier per your confirmation of the product quality and shipment. It would be conditional on the receipt of shipping and other documents like packing list, inspection report agreed in the contract

January 11, 2014

No. Question Multiple-choice Answer Tips
1 The website address of Made-in-China.com is ( ) A. www.madeinchina.com

B. www.made-in-china.com
B Made-in-China.com (www.made-in-china.com) is a B2B website for global buyers to source Chinese products and Chinese suppliers. 
2 Buyers will be matched with accurate suppliers after posting RFQ/Sourcing Request on Made-in-China.com. A. Yes

B. No
A RFQ/Sourcing Request is an online sourcing service allowing buyers to get quotations directly from suppliers. Our Sourcing Specialists will match suitable suppliers according to your RFQs/Sourcing Requests. And the matched suppliers will provide quotations within the expiration time.
3 Under the trading term of FOB, the supplier should afford the insurance cost. A.Yes

B.No
B The FOB term requires the seller to clear the goods for export. FOB Price does not include Shipping freight and Insurance charges.
4 A valid Letter of Credit (L/C) should at least include(   ) A. Shipment Time

B. Expiry Date
B L/C is short for Letter of Credit. It is a guarantee of getting the payment from the buyer issued by a bank on condition that a full set of documents required by the buyer after delivery. Each L/C must include an Expiry Date.
5 If you want to buy the Audit Report, you should pay ( ) A.  $ 99.9

B.  $ 39.5
B Audit Reports are standard third party reports issued by SGS, which including the trade ability, quality control systems and other comprehensive abilities of the suppliers. Each Audit Report will cost US $ 39.5.

January 10, 2014

No. Question Multiple-choice Answer Tips
1 Made-in-China.com is a B2B website.

A. Yes  

B. No, it is a C2C website

A Made-in-China.com is a Business to Business(B2B)website for global buyers to source Chinese products and Chinese suppliers.
2 Trademanager is an online chat tool on Made-in-China.com. 

A. Yes    

B.  No

B TradeMessenger is an online chat tool on Made-in-China.com, which mainly provides online timely communication for global buyers and Chinese suppliers.
3 What does L/C stand for?

A. Letter of Credit

B. Letter of Debit

A L/C is short for Letter of Credit. It is a guarantee of getting the payment from the buyer issued by a bank on condition that a full set of documents required by the buyer. Each L/C must include a Expiry Date.
4 What is CFR?

A. Cost, Insurance and Freight

B. Cost and Freight

B CFR, cost and freight. A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine insurance against the risk of loss or damage to the goods during transit.
5 Buyers can view Audit Reports for free.

A. Yes

B. No

B Buyers have to pay for viewing the Audit Reports. You may purchase the Audit Report of your interested Audited Supplier via online payment.

If you have some questions, please feel free to Contact Buyer Service.

Source: Made-in-China.com
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