Free CIPS L3M1 Exam Questions

Become CIPS Certified with updated L3M1 exam questions and correct answers

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Total 90 Questions | Updated On: Jan 07, 2025

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Question 1

An arrangement between a buyer and a supplier in which they agree to apportion benefits (such a reduced costs, or increased outputs) arising from particularly sound contract performance may be called:

A : Painshare

B : Fair share

C : Gainshare

D : Stocks and shares

Answer: C

Question 2

Which of the following would not normally be seen as part of public sector procurement?

A : Achieving defined service levels

B : An emphasis on the use of the competitive principle

C : Personal financial rewards from suppliers for buyers in return for awarding contracts

D : Personal bonus payments for procurement staff, linked to savings made

E : Pursuit of equal opportunities policies, internally and externally

Answer: C,D

Question 3

Which of the following constitute non-tariff barriers to trade?

A : Increased import duties

B : Complex customs procedures and paperwork for any goods crossing borders

C : Reduced import duties

D : Government subsidies to domestic producers

Answer: B,D

Question 4

The Paris Agreement is about:

A : Climate change

B : European free trade

C : Taxation on fashion houses

D : Rail freight rates

Answer: A

Question 5

Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?

A : Ethical

B : Political

C : Environmental

D : Economic

Answer: D

Page: 1 / 18

Total 90 Questions | Updated On: Jan 07, 2025

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