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

  • Medium English
  • Available questions26
  • Chapter Name11
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Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Which of the following parties of a letter of credit is called beneficiary

Question # 2

The important types of banker's letter of credit:

Question # 3

Which of the following is used to finance the people who want to travel abroad

Question # 4

Commercial letter of credit is issued for the facilty of:

Question # 5

Which of the following is an order of payment by one post office for another post office

Question # 6

I Owe You is a written instrument drawn by

Question # 7

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

Question # 8

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

Question # 9

Which of the following can be cancelled by the issuing bank without the consent of the other parties

Question # 10

The letter of credit which can be endorsed to another person is called:

Question # 11

Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods

Question # 12

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

Question # 13

What does IOU mean

Question # 14

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

Question # 15

Which letter of credit is accompanied by some documents

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