| 1 |
the developed form of red claause L.C. is. |
- A. Revocable L.C.
- B. Green clause L.C.
- C. Unconfirmed L.C.
- D. All of these
|
| 2 |
The money sent through post office from one country to another |
- A. Traveller's cheque
- B. Bank draft
- C. Letter of credit
- D. International money order
|
| 3 |
If the demand of any country's currency increases then rate of exchange becomes |
- A. Favorable
- B. Unfavorable
- C. Both a and b
- D. None of these
|
| 4 |
Upper specie point is got by adding the delivery charges in following metal |
- A. Silver
- B. Gold
- C. Iron
- D. Copper
|
| 5 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 6 |
Non geogibale credit instruemnt are. |
- A. Letter of credit
- B. I.O.U
- C. Money order
- D. All of these
|
| 7 |
The more increase in exchange rate for a country under gold standard is called |
- A. Lower specie point
- B. Middle specie point
- C. Upper specie point
- D. None of the above
|
| 8 |
The bank that makes payment to the exporter after receiving L.C. is called. |
- A. Advising bank
- B. Informatory bank
- C. Paying bank
- D. All of these
|
| 9 |
Content of money order includes. |
- A. Fixed amount
- B. Non transferable
- C. Identification
- D. All of these
|
| 10 |
The word L.C stand for. |
- A. Long credit
- B. Less credit
- C. Letter of credit
- D. None of these
|
