| 1 |
Which letter of credit is automatically renewed by fulfilling certain conditions |
- A. Fixed
- B. Documentary
- C. Confirmed
- D. Revolving
|
| 2 |
Stock certificate is a document issued by |
- A. Commercial bank
- B. Central bank
- C. Limited companies
- D. Stock-market
|
| 3 |
What is the nature of credit instrument IOU |
- A. An autograph
- B. A monograph
- C. A holograph
- D. A sonograph
|
| 4 |
I Owe You is a written instrument drawn by |
- A. Trader
- B. Debtor
- C. Creditor
- D. All the above
|
| 5 |
Which of the following is used to finance the people who want to travel abroad |
- A. Traveller's letter of credit
- B. Traveller's cheque
- C. Circular note
- D. All the above
|
| 6 |
Where are the stock certificates sold and bought |
- A. At commercial bank
- B. At central bank
- C. At post office
- D. At stock exchange
|
| 7 |
What does IOU mean |
- A. I am a debtor to you
- B. I am a creditor to you
- C. Both a and b
- D. None of these
|
| 8 |
The important types of banker's letter of credit: |
- A. Two
- B. Three
- C. Four
- D. None of these
|
| 9 |
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods |
- A. Documentary letter of credit
- B. Green-clause letter of credit
- C. Confirmed letter of credit
- D. Red-clause letter of credit
|
| 10 |
The letter of credit which can be endorsed to another person is called: |
- A. Special L.C
- B. Transferable L.C
- C. Resolving L.C
- D. None of the above
|
