| 1 |
Parties involved in postal order |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 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 |
Feature of postal order |
- A. Serial no
- B. value
- C. Commission
- D. All of these
|
| 4 |
Paying bank with respect to a letter of credit is called. |
- A. Advising bank
- B. Informatory bank
- C. Both these
- D. None of these
|
| 5 |
Parties involvedin money order. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 6 |
I.O.U. Is a credit instrument. |
- A. Negotiable
- B. Non Negotiable
- C. Partial Negotiable
- D. Conditional negotiable
|
| 7 |
The word L.C stand for. |
- A. Long credit
- B. Less credit
- C. Letter of credit
- D. None of these
|
| 8 |
The Kiind of non commercial letter of credit includes. |
- A. Traveler L.C.
- B. Circular note
- C. Credit card
- D. All of these
|
| 9 |
The bank that makes payment to the exporter after receiving L.C. is called. |
- A. Advising bank
- B. Informatory bank
- C. Paying bank
- D. All of these
|
| 10 |
Letter of credit is opened by. |
- A. Importer 's bank
- B. Exporter's bank
- C. Wholse seller
- D. None of these
|
