Question # 1

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

Content of money order includes.

Choose an answer

Fixed amount

Non transferable

Identification

All of these

The kind of commercial letter of credit includes.

Choose an answer

Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

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

Which of the following nature does IOU have.

Choose an answer

An authograph

A monograph

A sonograph

A holograph

Non geogibale credit instruemnt are.

Choose an answer

Letter of credit

I.O.U

Money order

All of these

Postal order is the example of.

Choose an answer

Negotible credit instrument

Cash instruent

Non negotiable credit instrument

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

Letter of credit state a limit of.

Choose an answer

Credit

Time period

Bank

None of these

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

Choose an answer

Favorable

Unfavorable

Both a and b

None of these

Stock certificates are issued by.

Choose an answer

Cental bank

Stock market

Limite Company

Partnership

Features of I.O.U. are

Choose an answer

Written form

Evidence of debt

Fixed amount

All of these

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

Choose an answer

Discount rate

Interest rate

Exchange rate

Market rate

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

Choose an answer

Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

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

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

Choose an answer

Paying bank

Advising bank

Negotiating bank

All of these

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