Question # 1

Which party of the L.C. is called beneficiary.

Choose an answer

Opening bank

Buyer

Exporter

Ex porter's bank

What is the objective of foreign exchange control

Choose an answer

To stabilize exchange rate

To increase government revenue

Favorable balance of payment

All the above

The word IOU means.

Choose an answer

I am your creditor

I am your debtor

I am your friend

None of these

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

Choose an answer

Buyer bank

Opening bank

Issuing bank

All of these

Letter of credit state a limit of.

Choose an answer

Credit

Time period

Bank

None of these

Which of the following changes cause to change in foreign exchange rate

Choose an answer

Change in export and imports

Change in capital flow

Change in bank rate

All the above

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

Choose an answer

Revocable L.C.

Green clause L.C.

Unconfirmed L.C.

All of these

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

Choose an answer

Paying bank

Advising bank

Negotiating bank

All of these

The Kiind of non commercial letter of credit includes.

Choose an answer

Traveler L.C.

Circular note

Credit card

All of these

Letter of credit is opened by.

Choose an answer

Importer 's bank

Exporter's bank

Wholse seller

None of these

The term foreign exchange includes

Choose an answer

Bank draft

Letter of credit

Foreign B/E

All the above

The example of non commercial letter of credit.

Choose an answer

Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

Which of the following theories is associated with the working of international gold standard

Choose an answer

Mint par parity theory

Purchasing power theory

Balance of payments theory

All of the above

Which of the following is a non commercial L.C.

Choose an answer

Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

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

Choose an answer

Advising bank

Informatory bank

Paying bank

All of these

Stock certificates are issued by.

Choose an answer

Cental bank

Stock market

Limite Company

Partnership

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer