| 1 |
Non geogibale credit instruemnt are. |
- A. Letter of credit
- B. I.O.U
- C. Money order
- D. All of these
|
| 2 |
I.O.U. Is a credit instrument. |
- A. Negotiable
- B. Non Negotiable
- C. Partial Negotiable
- D. Conditional negotiable
|
| 3 |
Postal order is the example of. |
- A. Negotible credit instrument
- B. Cash instruent
- C. Non negotiable credit instrument
- D. None of these
|
| 4 |
Feature of postal order |
- A. Serial no
- B. value
- C. Commission
- D. All of these
|
| 5 |
Which party of the L.C. is called beneficiary. |
- A. Opening bank
- B. Buyer
- C. Exporter
- D. Ex porter's bank
|
| 6 |
Letter of credit is opened by. |
- A. Importer 's bank
- B. Exporter's bank
- C. Wholse seller
- D. None of these
|
| 7 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 8 |
The L.C. which is accompanied by some documents is called. |
- A. Documentary L.C.
- B. Revolving L.C.
- C. Back to back L.C.
- D. Simple L.C.
|
| 9 |
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
|
| 10 |
What is the objective of foreign exchange control |
- A. To stabilize exchange rate
- B. To increase government revenue
- C. Favorable balance of payment
- D. All the above
|
