Question # 1

Which letter of credit is accompanied by some documents

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Confirmed

Documentary

Non-documentary

All the above

The numebr of parties in a cheque are.

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Two

Five

Four

Three

In the presence of cleairng house the use of cash transactions between banks

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Increases

Decreases

Stops

NO effect

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

Which of the following is a limitation in credit creation.

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Initial deposit

Use of cheques

Use currency

all of these

Increase in ratio of cash reserve of scheduled banks.

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Increase of credit creation

Stop credit creation

Decreased in credit creation

None of these

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

All of the above

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

On opening Saving Account the Bank Provide.

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Pass Book

Pay in slip

Cheque book

All of these

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

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