| 1 |
IOU is a document |
- A. Negotiable
- B. Non-negotiable
- C. Conditional negotiable
- D. Unconditional negotiable
|
| 2 |
What is the nature of credit instrument IOU |
- A. An autograph
- B. A monograph
- C. A holograph
- D. A sonograph
|
| 3 |
Stock certificate is a document issued by |
- A. Commercial bank
- B. Central bank
- C. Limited companies
- D. Stock-market
|
| 4 |
What is recieved by the post office on money order: |
- A. Profit
- B. Interest
- C. Commision
- D. All of the above
|
| 5 |
Which letter of credit is issued for a single or particular transaction: |
- A. Fixed
- B. Revocable
- C. Red clause
- D. Green Clause
|
| 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 the bank receive on issuing a letter of credit: |
- A. Profit
- B. Interest
- C. Commission
- D. Duty
|
| 8 |
Which letter of credit is accompanied by some documents |
- A. Confirmed
- B. Documentary
- C. Non-documentary
- D. All 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 |
Which letter of credit is automatically renewed by fulfilling certain conditions |
- A. Fixed
- B. Documentary
- C. Confirmed
- D. Revolving
|
