Question # 1

The draft which is drawn and paid in two different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

Quantitive methods are contral on

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Banks

Currency

Govt.

Public

Drawee of the bank draft is a

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Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

Commercial bank is factory of creating credit.

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Crowther

Gilbert

Reynold

H.I .Heart

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

The loans which can be demanded back by bank at any time are.

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Short term loans

Medium Tem loans

Long term loans

Demand loans

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

What is necessary to continue or keep an account with the bank

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Introductory preference

Minimum required balance

Phone number

Political stability

The L.C. which is accompanied by some documents is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Simple L.C.

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Which account is considered a nn transferable account.

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Saving Account

Current Account

B.B.A. Account

Term Deposit Account

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

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Opening bank

Buyer

Exporter

Ex porter's bank

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

Account suitable for business woman.

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Current account

Saving account

Fixed deposite account

All these

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