12th class Principle of Banking chapter 12 online mcq test with answers for ICom part 2 Principle of Banking Chapter 12 (Foreign Exchange Transaction)

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Sr.#	Question	Answer
1	The purpose of credit card is.	A. Sell goods B. Control credit C. Purchase goods D. None of these
2	Upper specie point is got by adding the delivery charges in following metal	A. Silver B. Gold C. Iron D. Copper
3	Generally, the instruments which are used in foreign receipts and payments called	A. Exchange rate B. Foreign exchange C. Letter of credit D. All of the above
4	Content of money order includes.	A. Fixed amount B. Non transferable C. Identification D. All of these
5	Parties involved in I.O.U	A. Three B. Four C. Two D. Five
6	In L.C. the other name of importer's bank is.	A. Buyer bank B. Opening bank C. Issuing bank D. All of these
7	Which party of the L.C. is called beneficiary.	A. Opening bank B. Buyer C. Exporter D. Ex porter's bank
8	Parties involvedin money order.	A. Two B. Three C. Four D. Five
9	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
10	Which of the following nature does IOU have.	A. An authograph B. A monograph C. A sonograph D. A holograph