281. Market in which currencies buy and sell and their prices settle on is called the
A. International bond market
B. International capital market
C. Foreign exchange market
D. Eurocurrency market
Answer
C. Foreign exchange market
282. Purchasing goods from a foreign country is called
A. Import
B. Entrepot
C. Export
D. Re-Export
Answer
A. Import
283. Goods imported for the purpose of export is known as
A. Home trade
B. Foreign trade
C. Entrepot
D. Trade
Answer
C. Entrepot
284. Agents are appointed by?
A. Manufacturer
B. Wholesaler
C. Retailer
D. Principal
Answer
D. Principal
285. Who among these can check the price fluctuations in the market by holding back thegoods when prices fall and releasing the goods when prices rise
A. Agent
B. Mercantile agent
C. Wholesaler
D. Retailer
Answer
C. Wholesaler
286. These are agents whose function is to bring the buyer and the seller into contact.
A. Commission agent
B. Selling agent
C. Broker
D. Stockist
Answer
C. Broker
287. Who among the following appoints the agent
A. Principal
B. Retailer
C. Manufacturer
D. Wholesaler
Answer
A. Principal
288. Which among the following is not concerned with Chambers of Commerce & Industry
A. CII
B. FICCI
C. ICICI
D. ASSOCHAM
Answer
C. ICICI
289. One example of Small scale Fixed retailers among these is
A. Pedlars
B. General stores
C. Hawkers
D. Cheap Jacks
Answer
B. General stores
290. This retail business acts as a universal supplier of a wide variety of products.
A. Multiple shop
B. Mail order Business
C. Tele-shopping
D. Departmental store
Answer
D. Departmental store
291. What is the Bill receivable account?
A. Personal Account
B. Machinery Account
C. Real Account
D. Nominal Account
Answer
C. Real Account
292. A bill of exchange includes.
A. An order to pay
B. A request to pay
C. A promise to pay
D. All the above
Answer
A. An order to pay
293. Which bill is drawn and accepted in the same country?
A. Trade Bill
B. Foreign Bill
C. Inland Bill
D. Accommodation Bill
Answer
C. Inland Bill
294. Who draws a bill of exchange?
A. Creditor
B. Debtor
C. Holder
D. None of the above
Answer
C. Holder
295. What is the person known as who draws a bill of exchange
A. Drawer
B. Payee
C. Drawee
D. None of the above
Answer
A. Drawer
296. What are the three additional days known as that a drawer gives to the drawee forpayment
A. Conditional days
B. Additional days
C. Days of grace
D. Days of rebate
Answer
C. Days of grace
297. When the drawee signs the bill, it is considered as
A. Accepted
B. Retired
C. Renewed
D. Endorsed
Answer
A. Accepted
298. What kind of acceptance is known as when the bill is accepted without any condition?
A. Qualified acceptance
B. Conditional acceptance
C. Blank acceptance
D. General acceptance
Answer
D. General acceptance
299. When the bill is noted from the notary public, it is known as?
A. Noting
B. Discounting
C. Accepting
D. None of the above
Answer
A. Noting
300. What is retiring a bill under rebate means?
A. Making a payment of the bill before the due date
B. Dishonoring of a bill
C. Making a payment of the bill after the due date
D. All of the above
Answer
A. Making a payment of the bill before the due date
301. The most widely used monetary policy tool among these is.
A. Open market operations
B. Issuing of notes
C. Close market operations
D. Discount rate
Answer
A. Open market operations
