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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
Parties involved in postal order
Question # 2
Letter of credit state a limit of.
Question # 3
I.O.U. Is a credit instrument.
Question # 4
The example of non commercial letter of credit.
Question # 5
Feature of postal order
Question # 6
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 7
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 8
The Kiind of non commercial letter of credit includes.
Question # 9
In L.C. the other name of importer's bank is.
Question # 10
Paying bank with respect to a letter of credit is called.
Question # 11
Which of the following nature does IOU have.
Question # 12
Content of money order includes.
Question # 13
What is the objective of foreign exchange control
Question # 14
The term foreign exchange includes
Question # 15
The change in demand and supply of foreign currency effects
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 | Postal order is the example of. |
A. Negotible credit instrument
B. Cash instruent
C. Non negotiable credit instrument
D. None of these
|
| 2 | 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.
|
| 3 | Parties involvedin money order. |
A. Two
B. Three
C. Four
D. Five
|
| 4 | The money sent through post office from one country to another |
A. Traveller's cheque
B. Bank draft
C. Letter of credit
D. International money order
|
| 5 | 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.
|
| 6 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 7 | Non geogibale credit instruemnt are. |
A. Letter of credit
B. I.O.U
C. Money order
D. All of these
|
| 8 | Which of the following theories is associated with the working of international gold standard |
A. Mint par parity theory
B. Purchasing power theory
C. Balance of payments theory
D. All of the above
|
| 9 | The price of one country's currency in term other country's currency is called |
A. Foreign currency
B. Traveller's L.C.
C. Exchange rate
D. None of these
|
| 10 | Which of the following nature does IOU have. |
A. An authograph
B. A monograph
C. A sonograph
D. A holograph
|
Test Questions