| 1 |
In L.C. the other name of importer's bank is. |
- A. Buyer bank
- B. Opening bank
- C. Issuing bank
- D. All of these
|
| 2 |
Which method is mostly used in making foreign payment |
- A. Foreign bills of exchange
- B. By post
- C. By telegraph
- D. None of these
|
| 3 |
I.O.U. Is a credit instrument. |
- A. Negotiable
- B. Non Negotiable
- C. Partial Negotiable
- D. Conditional negotiable
|
| 4 |
Which party to L.C. is called beneficiary. |
- A. Import
- B. Export
- C. Advising bank
- D. Opening bank
|
| 5 |
Content of money order includes. |
- A. Fixed amount
- B. Non transferable
- C. Identification
- D. All of these
|
| 6 |
The example of non commercial letter of credit. |
- A. Red clause L.C.
- B. Green clause LC.
- C. Traveler's L.C.
- D. Documentary L.C.
|
| 7 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 8 |
The price of one country's currency in term other country's currency is called |
- A. Foreign currency
- B. Traveller's L.C.
- C. Exchange rate
- D. None of these
|
| 9 |
Which of the following is a non commercial L.C. |
- A. Revolving L.C.
- B. Traveler 's cheque
- C. Unconfirmed L.C.
- D. Special L.C.
|
| 10 |
Letter of credit state a limit of. |
- A. Credit
- B. Time period
- C. Bank
- D. None of these
|
