Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

  • Medium English
  • Available questions26
  • Chapter Name11
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Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

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Question # 1

What does IOU mean

Question # 2

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

Question # 3

Which of the following is useful in facilitating trade relation between the businessmen of different countries

Question # 4

Which letter of credit is automatically renewed by fulfilling certain conditions

Question # 5

Which of the following parties of a letter of credit is called beneficiary

Question # 6

What does the bank receive on issuing a letter of credit:

Question # 7

Commercial letter of credit is issued for the facilty of:

Question # 8

The important types of banker's letter of credit:

Question # 9

Stock certificate is a document issued by

Question # 10

Which of the following can be cancelled by the issuing bank without the consent of the other parties

Question # 11

Which of the following gets facility due to commercial letter of credit:

Question # 12

Which of the following is used to finance the people who want to travel abroad

Question # 13

Which one can be crossed :

Question # 14

Which letter of credit is issued for a single or particular transaction:

Question # 15

Where are the stock certificates sold and bought

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