Question # 1

Feature of postal order

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Serial no

value

Commission

All of these

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

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

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

The purpose of credit card is.

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Sell goods

Control credit

Purchase goods

None of these

Non geogibale credit instruemnt are.

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Letter of credit

I.O.U

Money order

All of these

Parties involved in I.O.U

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Three

Four

Two

Five

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

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Paying bank

Advising bank

Negotiating bank

All 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

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

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

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Mint par parity theory

Purchasing power theory

Balance of payments theory

All of the above

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

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.

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

The term foreign exchange includes

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Bank draft

Letter of credit

Foreign B/E

All the above

The money sent through post office from one country to another

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Traveller's cheque

Bank draft

Letter of credit

International money order

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

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