| 1 |
The Kiind of non commercial letter of credit includes. |
- A. Traveler L.C.
- B. Circular note
- C. Credit card
- D. All of these
|
| 2 |
Feature of postal order |
- A. Serial no
- B. value
- C. Commission
- D. All of these
|
| 3 |
Which party of the L.C. is called beneficiary. |
- A. Opening bank
- B. Buyer
- C. Exporter
- D. Ex porter's bank
|
| 4 |
Which of the following changes cause to change in foreign exchange rate |
- A. Change in export and imports
- B. Change in capital flow
- C. Change in bank rate
- D. All the above
|
| 5 |
The term foreign exchange includes |
- A. Bank draft
- B. Letter of credit
- C. Foreign B/E
- D. All the above
|
| 6 |
In L.C. the other name of importer's bank is. |
- A. Buyer bank
- B. Opening bank
- C. Issuing bank
- D. All of these
|
| 7 |
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
|
| 8 |
Parties involvedin money order. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 9 |
The word L.C stand for. |
- A. Long credit
- B. Less credit
- C. Letter of credit
- D. None of these
|
| 10 |
Letter of credit state a limit of. |
- A. Credit
- B. Time period
- C. Bank
- D. None of these
|
