Question # 1

The first stage or step between importer and exporter for the purpose of sale and purchase is:

Choose an answer

Oath or undertaking

Agreement

Contract with bank

Issuing of L.C

Where are the stock certificates sold and bought

Choose an answer

At commercial bank

At central bank

At post office

At stock exchange

I Owe You is a written instrument drawn by

Choose an answer

Trader

Debtor

Creditor

All the above

What does the bank receive on issuing a letter of credit:

Choose an answer

Profit

Interest

Commission

Duty

What is recieved by the post office on money order:

Choose an answer

Profit

Interest

Commision

All of the above

Stock certificate is a document issued by

Choose an answer

Commercial bank

Central bank

Limited companies

Stock-market

What is the nature of credit instrument IOU

Choose an answer

An autograph

A monograph

A holograph

A sonograph

Which of the following is useful in facilitating trade relation between the businessmen of different countries

Choose an answer

Bank draft

Money order

Letter of credit

Stock certificate

Which one can be crossed :

Choose an answer

Money order

Postal order

Credit card

All of the above

Which of the following is a non-commercial letter of credit

Choose an answer

Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

If there is no guarantee to honour a letter of credit then it is called:

Choose an answer

Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

The important types of banker's letter of credit:

Choose an answer

Two

Three

Four

None of these

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer