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MCQ 381: The drafts which are backed up by banks and are payable to seller of products or services are classified as:

  1. banker acceptance
  2. secured acceptance
  3. unsecured acceptance
  4. economic acceptance

MCQ 382: The deposit issued by bank are usually negotiable and have specific maturity date and interest rate, hence it is classified as:

  1. indirect certificate
  2. direct certificate
  3. negotiable certificate
  4. deposit certificate

MCQ 383: The denominations in which Eurobonds are issued are:

  1. $10000 and $20000
  2. $5000 and $10000
  3. $6000 and $11000
  4. $8000 and $15000

MCQ 384: The repurchase agreements having maturity of longer term have denominations of:

  1. $40 million
  2. $10 million
  3. $20 million
  4. $30 million

MCQ 385: The under writer spread is subtracted from gross proceeds to calculate:

  1. Gross proceeds
  2. cumulative proceeds
  3. non-cumulative proceeds
  4. net proceeds

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