| 1 |
Parties involved in postal order |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 2 |
Upper specie point is got by adding the delivery charges in following metal |
- A. Silver
- B. Gold
- C. Iron
- D. Copper
|
| 3 |
The word IOU means. |
- A. I am your creditor
- B. I am your debtor
- C. I am your friend
- D. None of these
|
| 4 |
Generally, the instruments which are used in foreign receipts and payments called |
- A. Exchange rate
- B. Foreign exchange
- C. Letter of credit
- D. All of the above
|
| 5 |
Paying bank with respect to a letter of credit is called. |
- A. Advising bank
- B. Informatory bank
- C. Both these
- D. None of these
|
| 6 |
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.
|
| 7 |
Which of the following changes cause to change in foreign exchange rate |
- A. Change in export and imports
- B. Change in capital flow
- C. Change in bank rate
- D. All the above
|
| 8 |
The Kiind of non commercial letter of credit includes. |
- A. Traveler L.C.
- B. Circular note
- C. Credit card
- D. All of these
|
| 9 |
Content of money order includes. |
- A. Fixed amount
- B. Non transferable
- C. Identification
- D. All of these
|
| 10 |
Which method is mostly used in making foreign payment |
- A. Foreign bills of exchange
- B. By post
- C. By telegraph
- D. None of these
|
