| 1 |
Parties involved in I.O.U |
- A. Three
- B. Four
- C. Two
- D. Five
|
| 2 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 3 |
The money sent through post office from one country to another |
- A. Traveller's cheque
- B. Bank draft
- C. Letter of credit
- D. International money order
|
| 4 |
The price of one country's currency in term other country's currency is called |
- A. Foreign currency
- B. Traveller's L.C.
- C. Exchange rate
- D. None of these
|
| 5 |
Parties involvedin money order. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 6 |
Which of the following nature does IOU have. |
- A. An authograph
- B. A monograph
- C. A sonograph
- D. A holograph
|
| 7 |
In L.C. the other name of importer's bank is. |
- A. Buyer bank
- B. Opening bank
- C. Issuing bank
- D. All of these
|
| 8 |
Generally, the instruments which are used in foreign receipts and payments called |
- A. Exchange rate
- B. Foreign exchange
- C. Letter of credit
- D. All of the above
|
| 9 |
Which method is mostly used in making foreign payment |
- A. Foreign bills of exchange
- B. By post
- C. By telegraph
- D. None of these
|
| 10 |
Upper specie point is got by adding the delivery charges in following metal |
- A. Silver
- B. Gold
- C. Iron
- D. Copper
|
