| 1 |
Which letter of credit is accompanied by some documents |
- A. Confirmed
- B. Documentary
- C. Non-documentary
- D. All the above
|
| 2 |
Which of the following is useful in facilitating trade relation between the businessmen of different countries |
- A. Bank draft
- B. Money order
- C. Letter of credit
- D. Stock certificate
|
| 3 |
Stock certificate is a document issued by |
- A. Commercial bank
- B. Central bank
- C. Limited companies
- D. Stock-market
|
| 4 |
Which of the following can be cancelled by the issuing bank without the consent of the other parties |
- A. Revocable letter of credit
- B. Irrevocable letter of credit
- C. Revolving letter of credit
- D. Unconditional letter of credit
|
| 5 |
Which of the following gets facility due to commercial letter of credit: |
- A. Home traders
- B. Exporter
- C. Importer
- D. Both exporter and importer
|
| 6 |
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
|
| 7 |
What is recieved by the post office on money order: |
- A. Profit
- B. Interest
- C. Commision
- D. All of the above
|
| 8 |
Which one can be crossed : |
- A. Money order
- B. Postal order
- C. Credit card
- D. All of the above
|
| 9 |
The first stage or step between importer and exporter for the purpose of sale and purchase is: |
- A. Oath or undertaking
- B. Agreement
- C. Contract with bank
- D. Issuing of L.C
|
| 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
|
