| 1 |
In L.C. the other name of exporter's bank is. |
- A. Paying bank
- B. Advising bank
- C. Negotiating bank
- D. All of these
|
| 2 |
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
|
| 3 |
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.
|
| 4 |
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
|
| 5 |
Parties involved in I.O.U |
- A. Three
- B. Four
- C. Two
- D. Five
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Paying bank with respect to a letter of credit is called. |
- A. Advising bank
- B. Informatory bank
- C. Both these
- D. None of these
|
| 9 |
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
|
| 10 |
Features of I.O.U. are |
- A. Written form
- B. Evidence of debt
- C. Fixed amount
- D. All of these
|
