Question # 1

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 rate of exchange determined by two countries following non-convertible paper currency system is a point where

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The purchasing power of currency is same

The purchasing power of currency is different

The purchasing power of currency is zero

None of the above

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

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.

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

The Kiind of non commercial letter of credit includes.

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Traveler L.C.

Circular note

Credit card

All of these

Paying bank with respect to a letter of credit is called.

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Advising bank

Informatory bank

Both these

None of these

Parties involvedin money order.

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Two

Three

Four

Five

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 change in demand and supply of foreign currency effects

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Exchange rate

Traveller's L.C

Letter of credit

None of these

Which method is mostly used in making foreign payment

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Foreign bills of exchange

By post

By telegraph

None of these

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

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Change in export and imports

Change in capital flow

Change in bank rate

All the above

The purpose of credit card is.

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Sell goods

Control credit

Purchase goods

None of these

Features of I.O.U. are

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Written form

Evidence of debt

Fixed amount

All of these

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

Parties involved in I.O.U

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Three

Four

Two

Five

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