| 1 |
If there is no gurantee to honour the L.C. It is called. |
- A. Documentary L.C.
- B. Revolving L.C.
- C. Back to back L.C.
- D. Unconfirmed L.C.
|
| 2 |
Which of the following rate keeps the balance of payments in equilibrium |
- A. Discount rate
- B. Interest rate
- C. Exchange rate
- D. Market rate
|
| 3 |
the developed form of red claause L.C. is. |
- A. Revocable L.C.
- B. Green clause L.C.
- C. Unconfirmed L.C.
- D. All of these
|
| 4 |
If the demand of any country's currency increases then rate of exchange becomes |
- A. Favorable
- B. Unfavorable
- C. Both a and b
- D. None of these
|
| 5 |
Which method is mostly used in making foreign payment |
- A. Foreign bills of exchange
- B. By post
- C. By telegraph
- D. None of these
|
| 6 |
Foreign exchange control reduces the |
- A. Circulation of capital
- B. Export of capital
- C. Import of capital
- D. None of the above
|
| 7 |
Letter of credit is opened by. |
- A. Importer 's bank
- B. Exporter's bank
- C. Wholse seller
- D. None of these
|
| 8 |
Parties involvedin money order. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 9 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 10 |
Stock certificates are issued by. |
- A. Cental bank
- B. Stock market
- C. Limite Company
- D. Partnership
|
