Question # 1

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

Parties involved in I.O.U

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Three

Four

Two

Five

Non geogibale credit instruemnt are.

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Letter of credit

I.O.U

Money order

All of these

Parties involvedin money order.

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Two

Three

Four

Five

The word L.C stand for.

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Long credit

Less credit

Letter of credit

None of these

Generally, the instruments which are used in foreign receipts and payments called

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Exchange rate

Foreign exchange

Letter of credit

All of the above

The L.C. which is accompanied by some documents is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Simple L.C.

Features of I.O.U. are

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Written form

Evidence of debt

Fixed amount

All of these

Upper specie point is got by adding the delivery charges in following metal

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Silver

Gold

Iron

Copper

What is the objective of foreign exchange control

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To stabilize exchange rate

To increase government revenue

Favorable balance of payment

All the above

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

In L.C. the other name of exporter's bank is.

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Paying bank

Advising bank

Negotiating bank

All of these

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

Feature of postal order

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Serial no

value

Commission

All of these

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