1 |
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
|
2 |
Which of the following theories is associated with the working of international gold standard |
- A. Mint par parity theory
- B. Purchasing power theory
- C. Balance of payments theory
- D. All of the above
|
3 |
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
|
4 |
If there is no gurantee to honour the L.C. It is called. |
- A. Documentary L.C.
- B. Revolving L.C.
- C. Back to back L.C.
- D. Unconfirmed L.C.
|
5 |
Which party to L.C. is called beneficiary. |
- A. Import
- B. Export
- C. Advising bank
- D. Opening bank
|
6 |
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
|
7 |
The change in demand and supply of foreign currency effects |
- A. Exchange rate
- B. Traveller's L.C
- C. Letter of credit
- D. None of these
|
8 |
The rate of exchange determined by two countries following non-convertible paper currency system is a point where |
- A. The purchasing power of currency is same
- B. The purchasing power of currency is different
- C. The purchasing power of currency is zero
- D. None of the above
|
9 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
10 |
Transfer of money from one palce to another place with the help of post office. |
- A. Cheque
- B. Draft
- C. Money order
- D. None of these
|