[{"id":183398,"question":"The first stage or step between importer and exporter for the purpose of sale and purchase is:","choices":[{"text":"Oath or undertaking","value":"A"},{"text":"Agreement","value":"B"},{"text":"Contract with bank","value":"C"},{"text":"Issuing of L.C","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":183397,"question":"Which one can be crossed :","choices":[{"text":"Money order","value":"A"},{"text":"Postal order","value":"B"},{"text":"Credit card","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":183395,"question":"The important types of banker's letter of credit:","choices":[{"text":"Two","value":"A"},{"text":"Three","value":"B"},{"text":"Four","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":183394,"question":"The letter of credit which can be endorsed to another person is called:","choices":[{"text":"Special L.C","value":"A"},{"text":"Transferable L.C","value":"B"},{"text":"Resolving L.C","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":183391,"question":"Which of the following gets facility due to commercial letter of credit:","choices":[{"text":"Home traders","value":"A"},{"text":"Exporter","value":"B"},{"text":"Importer","value":"C"},{"text":"Both exporter and importer","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":183389,"question":"Which letter of credit is issued for a single or particular transaction:","choices":[{"text":"Fixed","value":"A"},{"text":"Revocable","value":"B"},{"text":"Red clause","value":"C"},{"text":"Green Clause","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":183388,"question":"Commercial letter of credit is issued for the facilty of:","choices":[{"text":"Ambassadors","value":"A"},{"text":"Common people","value":"B"},{"text":"Businessmen","value":"C"},{"text":"Alll of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":183385,"question":"If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:","choices":[{"text":"Resolving","value":"A"},{"text":"Back to Back","value":"B"},{"text":"Transferable","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":183382,"question":"What does the bank receive on issuing a letter of credit:","choices":[{"text":"Profit","value":"A"},{"text":"Interest","value":"B"},{"text":"Commission","value":"C"},{"text":"Duty","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":183380,"question":"What is recieved by the post office on money order:","choices":[{"text":"Profit","value":"A"},{"text":"Interest","value":"B"},{"text":"Commision","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":183379,"question":"If there is no guarantee to honour a letter of credit then it is called:","choices":[{"text":"Confirmed letter of credit","value":"A"},{"text":"Irrevocable letter of credit","value":"B"},{"text":"Unconfirmed letter of credit","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":108092,"question":"Which of the following is a non-commercial letter of credit","choices":[{"text":"Irrevocable letter of credit","value":"A"},{"text":"Red-clause letter of credit","value":"B"},{"text":"Special letter of credit","value":"C"},{"text":"Traveller's letter of credit","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":108091,"question":"Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods","choices":[{"text":"Documentary letter of credit","value":"A"},{"text":"Green-clause letter of credit","value":"B"},{"text":"Confirmed letter of credit","value":"C"},{"text":"Red-clause letter of credit","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108090,"question":"Which of the following can be cancelled by the issuing bank without the consent of the other parties","choices":[{"text":"Revocable letter of credit","value":"A"},{"text":"Irrevocable letter of credit","value":"B"},{"text":"Revolving letter of credit","value":"C"},{"text":"Unconditional letter of credit","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":108089,"question":"Which of the following parties of a letter of credit is called beneficiary","choices":[{"text":"Importer","value":"A"},{"text":"Exporter","value":"B"},{"text":"Opening bank","value":"C"},{"text":"Advising bank","value":"D"},{"value":"E"}],"correctAnswer":2}]