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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 developed form of red claause L.C. is.
Question # 2
Letter of credit state a limit of.
Question # 3
Content of money order includes.
Question # 4
Which party to L.C. is called beneficiary.
Question # 5
Generally, the instruments which are used in foreign receipts and payments called
Question # 6
Which of the following nature does IOU have.
Question # 7
Which of the following theories is associated with the working of international gold standard
Question # 8
In L.C. the other name of importer's bank is.
Question # 9
The purpose of credit card is.
Question # 10
The word L.C stand for.
Question # 11
Which method is mostly used in making foreign payment
Question # 12
Postal order is the example of.
Question # 13
Which of the following is a non commercial L.C.
Question # 14
Foreign exchange control reduces the
Question # 15
I.O.U. Is a credit instrument.
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 | 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
|
| 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 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 4 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 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 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 7 | In L.C. the other name of exporter's bank is. |
A. Paying bank
B. Advising bank
C. Negotiating bank
D. All of these
|
| 8 | 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
|
| 9 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 10 | Which method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
Test Questions
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