| 1 |
In L.C. the other name of importer's bank is. |
- A. Buyer bank
- B. Opening bank
- C. Issuing bank
- D. All of these
|
| 2 |
Which method is mostly used in making foreign payment |
- A. Foreign bills of exchange
- B. By post
- C. By telegraph
- D. None of these
|
| 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 word IOU means. |
- A. I am your creditor
- B. I am your debtor
- C. I am your friend
- D. None of these
|
| 5 |
Non geogibale credit instruemnt are. |
- A. Letter of credit
- B. I.O.U
- C. Money order
- D. All of these
|
| 6 |
I.O.U. Is a credit instrument. |
- A. Negotiable
- B. Non Negotiable
- C. Partial Negotiable
- D. Conditional negotiable
|
| 7 |
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.
|
| 8 |
Features of I.O.U. are |
- A. Written form
- B. Evidence of debt
- C. Fixed amount
- D. All of these
|
| 9 |
The more increase in exchange rate for a country under gold standard is called |
- A. Lower specie point
- B. Middle specie point
- C. Upper specie point
- D. None of the above
|
| 10 |
Which of the following nature does IOU have. |
- A. An authograph
- B. A monograph
- C. A sonograph
- D. A holograph
|
