| 1 |
What is the nature of credit instrument IOU |
- A. An autograph
- B. A monograph
- C. A holograph
- D. A sonograph
|
| 2 |
What does the bank receive on issuing a letter of credit: |
- A. Profit
- B. Interest
- C. Commission
- D. Duty
|
| 3 |
Which of the following gets facility due to commercial letter of credit: |
- A. Home traders
- B. Exporter
- C. Importer
- D. Both exporter and importer
|
| 4 |
Which of the following is an order of payment by one post office for another post office |
- A. Postal order
- B. Money order
- C. Both a and b
- D. None of these
|
| 5 |
What is recieved by the post office on money order: |
- A. Profit
- B. Interest
- C. Commision
- D. All of the above
|
| 6 |
Which one can be crossed : |
- A. Money order
- B. Postal order
- C. Credit card
- D. All of the above
|
| 7 |
Which of the following is a non-commercial letter of credit |
- A. Irrevocable letter of credit
- B. Red-clause letter of credit
- C. Special letter of credit
- D. Traveller's letter of credit
|
| 8 |
Which letter of credit is issued for a single or particular transaction: |
- A. Fixed
- B. Revocable
- C. Red clause
- D. Green Clause
|
| 9 |
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
|
| 10 |
Where are the stock certificates sold and bought |
- A. At commercial bank
- B. At central bank
- C. At post office
- D. At stock exchange
|
