Question # 1

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

The Kiind of non commercial letter of credit includes.

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Traveler L.C.

Circular note

Credit card

All of these

Feature of postal order

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Serial no

value

Commission

All of these

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.

The term foreign exchange includes

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Bank draft

Letter of credit

Foreign B/E

All the above

If there is no gurantee to honour the L.C. It is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

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

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Silver

Gold

Iron

Copper

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

the developed form of red claause L.C. is.

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Revocable L.C.

Green clause L.C.

Unconfirmed L.C.

All of these

If the demand of any country's currency increases then rate of exchange becomes

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Favorable

Unfavorable

Both a and b

None of these

Parties involvedin money order.

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Two

Three

Four

Five

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

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Buyer bank

Opening bank

Issuing bank

All of these

Features of I.O.U. are

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Written form

Evidence of debt

Fixed amount

All of these

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