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ICOM Part 2 English Medium Principles of Banking Chapter 12 MCQ's Test
Start Chapter 12 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test
00:00
Question # 1
The price of one country's currency in term other country's currency is called
Question # 2
If there is no gurantee to honour the L.C. It is called.
Question # 3
the developed form of red claause L.C. is.
Question # 4
Which party to L.C. is called beneficiary.
Question # 5
Non geogibale credit instruemnt are.
Question # 6
In L.C. the other name of importer's bank is.
Question # 7
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 8
The kind of commercial letter of credit includes.
Question # 9
Which of the following nature does IOU have.
Question # 10
What is the objective of foreign exchange control
Question # 11
The money sent through post office from one country to another
Question # 12
Stock certificates are issued by.
Question # 13
The example of non commercial letter of credit.
Question # 14
The word L.C stand for.
Question # 15
Generally, the instruments which are used in foreign receipts and payments called
ICOM Part 2 English Medium Principles of Banking Chapter 12 MCQ's Test
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which of the following nature does IOU have. |
A. An authograph
B. A monograph
C. A sonograph
D. A holograph
|
| 2 | The change in demand and supply of foreign currency effects |
A. Exchange rate
B. Traveller's L.C
C. Letter of credit
D. None of these
|
| 3 | Which party to L.C. is called beneficiary. |
A. Import
B. Export
C. Advising bank
D. Opening bank
|
| 4 | Features of I.O.U. are |
A. Written form
B. Evidence of debt
C. Fixed amount
D. All of these
|
| 5 | The more increase in exchange rate for a country under gold standard is called |
A. Lower specie point
B. Middle specie point
C. Upper specie point
D. None of the above
|
| 6 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 7 | If there is no gurantee to honour the L.C. It is called. |
A. Documentary L.C.
B. Revolving L.C.
C. Back to back L.C.
D. Unconfirmed L.C.
|
| 8 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 9 | Which of the following is a non commercial L.C. |
A. Revolving L.C.
B. Traveler 's cheque
C. Unconfirmed L.C.
D. Special L.C.
|
| 10 | Transfer of money from one palce to another place with the help of post office. |
A. Cheque
B. Draft
C. Money order
D. None of these
|
Test Questions