BEC中级模拟试题1及参考答案.docx

BEC中级模拟试题1及参考答案.docx

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BEC中级模拟试题1及参考答案

BEC二级模拟试题1

一.READING

PARTONE

Questions1-7

.Readthesesentencesandthesharepricesbelow.

.Whichstockmarketdoeseachsentence（1-7）describe?

.Foreachsentencemarkoneletter（A,B,CorD）onyourAnswerSheet.

Example:

Theindexwentupmorethanonethousand.

Answer:

A

1.Thesharepriceswereinfluencedbytheimprovementofthetwocountries'

relations.

2.Overtheweek,turnoverrosebyT$5.83bn.

3.Manypeoplewenttobuycapitalizationstocks.

4.Inthebeginningmanyforeignshareholdersbuybluechipsathighprices.

5.Pricewasloweraftershareholderssoldstocksinindustrialstomakeprofit.

6.OnThursdaypricedroppedandthenroseagain.

7.Thefallingofcompositeindexroseby1.3percentontheweek.

A.Bangkokrose2percentonthedayand3.4percentovertheweekasbuyersmovedintolargemarketcapitalizationstocks.TheSETindexrose27.55to1,383.57inturnoverofBt8.5bn,downfromThursday'sBt10bn.

B.Taipeiwaspulledlowerbylateprofit-takinginindustrialsafterThursday'srebound,andtheweightedindexfell45.59to5,806.77,or1.7percent,overtheweek.TurnoverrosetoT$41.51bnfromT$35.78bn.

C.Manilaopenedstronglyonforeignbuyingofbluechipsbutdippedatthecloseasprofitsweretaken.Thecompositeindexfell10.07to2,907.00,1.3percenthigherontheweek

D.HongKongfinishedamixeddayslightlylower,sappedbyprofit-takingonconfirmationofUSrenewalofChina'sMFNtradestatusandconcernsoverthelowerdomesticpropertymarket.TheHangSengindexfell11.58tocloseat9,470.13,1.7percentlowerontheweek.

PARTTWO

Questions8-12

.ReadthislettertotheeditorofTheEconomist.

.ChoosethebestsentencefromthelistA-Itofilleachoftheblanks.

.Foreachblank（8-12）markoneletter（A-I）onyourAnswerSheet.

.Donotmar4anylettertwice.

.Oneanswerhasbeengivenasanexample.

Sir-

YoustateonFebruary13ththatNewMexicohas"fewnaturalresources",......example......In1991NewMexicorankedfourthintheUnitedStatesinproductionofnaturalgas,seventhinoilandtenthinnon-fuelminerals......8......Non-fuelmineralscontributedabout$1billionandcoal$509million.

Taxesfromproductionoffuelsandminerals,andleasepaymentsonstatelandshavebeensetasidebylegislativeactstoendowtwopermanentfundsworthabout$5.65billion,......9......Inaddition,duringfiscalyear1991,paymentstoNewMexicofromtaxesonfederallandswereS108million,allearmarkedforpubliceducation.

......10......About$566millioncamefromtaxesandpermanent-fundearningsattributabletooilandgasproduction.......11......TourismisanimportantindustryinNewMexico,yetitseconomicimpactonthepublicsectorisdwarfedbythatofmineralproduction.

NewMexicocamethroughtherecentrecessioninmuchbettershapethanmostotherstates.Itdoesnothaveadeficit.......12......Statesthatrelyprimarilyonasalestaxoronanincometaxhavebigproblemsduringeconomicdownturns.IncomegrowthperheadinNewMexicoaveraged6.1/00intheyeartoOctober1992-oneofthefastestgrowthratesintheUnitedStates.

CharlesChapin

Example:

C

A.Ithasabroadlybasedtaxstructureanimportantpoint.

B.In1992itproducedmoreoilthanColoradoandKansascombined.

C.However,theextractivemineralindustryinNewMexicoisoneofthestate'sstrongesteconomicforces.

D.Duringfiscalyear1992NewMexicoraisedpermanentfundsworthabout$6.1billion.

E.Thecombinedvalueofoilandgasproductionwas$2.8billion.

F.Some16,000employeesworkintheextractiveindustriesandtheirwagesareamongthehighestofanymajorindustry.

G.The$39millionearnedbythesefundsin1991wasusedtofinanceeducationandotherpublicservices.

H.OnlyS25millioncamefromagriculturaltaxes.

I.NewMexico'sextractivemineralindustriescontributeaboutathirdofthestate's$1.9billiongeneral-fundincomeinfiscalyear1991.

PARTTHREE

Questions13-20

.ReadthisletteraboutCompensationTrade,andanswerthefollowingquestions.

MinistryofForeignTrade19thJanuary,1993

XiChanganStreet

Beijing,China

DearSirs,

ThisletterisinregardtothewindowglassbusinessbetweenourfirmandtheChinaNationalLightindustrialProductsImport&ExportCorporation,DarenBranchandtheDarenWindowGlassFactory.

1.Ourtwosidessincerelyworkedinthepastandthewindowglassbusinesshasalreadybeendonesuccessfully.However,thequantityofproductsdoesn'tmeetourrequirements.Thiscompanywantstodevelopthetradeandbusinessfurtherinthisline.Wenowexpecttobeginworkingwithalltheotherbranchesandwindowglassfactoriesonthesamebasis,i.e.compensationtrade.

2.FortheU.S.A.market,werequireverylargequantitiesofsmallcutsizes.Therefore,weareaskingyourpromptassistancetohelpusoutinexpandingglass-cuttingbusiness.Wewouldhighlyappreciateitifyoutakethismatterintoconsideration.Wearecertainthat,withyourpromptcooperation,ourpurchasesofChinesewindowglassforsaleintheU.S.A.marketwillveryquicklyincreasetoalargeandsubstantialvolume.Withtheestablishmentofdiplomaticrelationsbetweenourtwocountries,thetimeisnowrightforaveryquickandlargeincreaseintradebetweenus.

3.Foryourinformation,wearedoingeverythingpossibletocooperateinachievingourmutualgoalofmakingthewindowglassbusinessaverylargeone.WehaveofferedtopurchasevariousequipmentforyourDairenfactorywhichwillincreaseitsproducts,improvequalityandraiseitsefficiency.Wehaveofferedtoacceptpaymentforthismachineryintheformofbuy-backofglass.Wehavealsocooperatedwiththefactoryinmakingsuggestionsforbetterefficientpackingandcontainerization.Thefactoryhasbeenverycooperativeandreceptivetoourideas.Aswewanttobeginourbusinesswiththeotherbranchestoo,weplantoofferthesamesuggestionsandproposalstopurchasemachineryforthem.

4.Fromthisletter,youcanseethatweareverysincereinourdesireforalong-termrelationshipbetweenourtwocountriesandourfirmandthevariousbranchesoftheChinaNationalLightindustrialProductsImportandExportCorporation,WindowGlassDepartments.

DuringournextvisittoChina,wewilldiscusstheappointmentofourfirmastheexclusiveagentforChineseWindowGlassintheU.S.A.market.Sincewehavediscussedthisquestioninthepast,weexpectthattheofficialappointmentofourfirmastheexclusiveagentwillbemadeduringournexttrip.

Thankyouforyourpromptattentiontotheabove.Bestregards.

Sincerelyyours,

NormanGoldstein

Associates,INC

Questions13-16

.Forquestions13-16,choosethecorrecttitleforeachparagraphfromtheboxbelow.

.Foreachparagraph（1-4）markoneletter（A-G）onyourAnswerSheet.

.Donotmarkanylettertwice.

13.Paragraph1...........

14.Paragraph2..........

15.Paragraph3..........

16.Paragraph4..........

AOurhopeforalong-termrelationship

BOursuccessfulcooperationinthepast

CThediplomaticrelationsbetweenourtwocountries

DOurwishtoincreasethequantityofproducts

EOurneedofhelpinglass-cutting

FOurgoaltomakethewindowglassbusinesslarge

GImprovementofequipmentinChinesefactories

Questionsl7-20

.Usingtheinformationinthetest,completeeachsentence17-20,withaphrasefromthelistbelow（A-G）.

.Foreachsentence（17-20）markoneletter（A-G）onyourAnswerSheet.

.Donotmarkanylettertwice.

17.Whenwevisityourcountryagainnexttime,wehopeyou'11......

18.Onthebasisofcompensationtrade,wearegoingto......

19.Inordertoenlargeourwindowglassbusiness,we'redoingourbestto......

20.Tootherbranchesthathavebusinesswithus,we'll......

Atakethisproblemintoconsideration.

Bdevelopandexpandthetradeandbusinessfurther.

CmakeourcompanythesoleagentinChina.

Doffertobuyequipmentforthem.

Eacceptpaymentforthisequipment.

Fstartcooperationwithotherbranchesandfactories.

Gcooperatewithyouandrealizeourcommondream.

PARTFOUR

Questions21-35

.ReadthisadvertisementahatFidelilyEmergingMarkets.

.Choosethebestwordtofil1eachgap.

.Foreachquestion（21-35）markoneletter（A,B,CorD）onyourAnswerSheet.

.Oneanswerhasbeengivenasanexample.

Thedynamicdevelopingeconomiesoftheworldareripewithpotential.Notonlyhavethey......example......extraordinarylevelsof......21......,butwebelievethislookssetcontinue,backedby......22......inflowsofforeigninvestment.FidelityEmergingMark,Fundis.....23......tohelpyoucapitalizeonthispromisingoutlook.

The......24......torealsuccessinEmergingMarketsisresearchandresources,ofFidelity'sforemost......25......Astheworld'slargest.....26......investmentmanagementorganization,wecandrawupona（n）......27.....networkofofficescoveringdevelopingeconomiesacrossAsia,LatinAmericaandEurope.

Thislocalpresencemeanswecan......28......ahands-onapproach,searchingoutacapitalizingoninvestment......29......assoonastheycometolight.Asaresult,FidelityIbecomeoneoftheworld's......30......namesinemergingstockmarkets:

wherewe......31......manage5poundsbillion?

Soactnowto......32......outmoreabouttheFidelityEmergingMarketsFund---andgetthepotentialofthesedynamicmarketsteamedwiththestrengthoftheFidelityorganization.Formore......33...,callus,