Question # 1

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

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

Deposits create

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Inflation

Loan

Monopoly

All the above

What is the purpose of using credit card

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To purchases goods and services

To win the prized from banks

To travel abroad

To invest the saving

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al the above

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

Modern central banking system started in

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18th Century

19th Century

20th Century

None of these

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

Purchasing power theory of foreign exchange was presented in.

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1920

1962

1694

1881

The method which is mostly use in making foreign payments are.

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Telegraphic transfer

Foreign bill of exchange

By post

All of these

How many merits of credit card

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7

8

9

10

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