Letter of Credit
Documents
in LC, UCPDC
A. Tick the correct answer
1. As per UCPDC maximum time allowed to the issuing
bank for payment of a sight LC is.
a) 9 days b)
7 days c) 5 working days
d) 5 working days
2. A bill of lading is a.........
a)
Transport document b) Financial document c) Costing document d) Insurance document
3. UCPDC is the publication of
a) ILO b)
FNCCI c)
ICC d)
WTO
4. On which LC bank does not
add its definite payment undertaking
a)
Differed payment LC b) sight LC c) Back to back LC d)
Transferable LC
5. A confirmed LC is the
requirement of
a) Buyer b) Advising bank c) Seller d) Issuing bank
6. in a transferable LC.....
a) Buyers are multiple b)
Sellers are multiple c) Multiple issuing banks d) None of above
7. Write the acronym of
UCPDC
a) Unified Customs and
Practice for Documentary Credit
b) Uniform Culture and
Practice for Documentary Credit
c) Under Customs and
practice for Documentary Credit
d)
Uniform Customs and Practice for Documentary Credit
Answer of the
Types of L C
1) C
2) A
3) C
4) C
5) C
6) B
7) D
A. Tick the correct answer:
1. NRB has made mandatory to maintain CRR in foreign currency
deposit as well.
a.)
YES b)
NO c)
MAY BE
2. Liquid Assets generally earn less than other earning Assets?
a) YES b)
NO c)
MAY BE
3. In Nepal
a) 271 days b)
364 days c) 2
years
4. Treasury bills is an instrument
a) with
a fixed coupon rate b)
in a discounted form c)
Both
5. Net Liquid position refer to
a) Liquid Assets on the Assets side of Bank Balance Sheet
b) Investment in Treasury bond and govt. Securities.
c) Supplies of Liquid Funds Less demands for Liquidity
6. FEDAN is an association of
a) Dealers b) Credit Analyst c) Account Managers
7. Cash Reserve Ratio for Commercial Banks is
a) 5% Total Deposit b) 5% Total Assets c) 5% Total Local
Currency Deposit
Answer
1. B
1. B
2. A
3. B
4. B
5. C
6. A
7. C
