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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 kind of commercial letter of credit includes.
Question # 2
The word IOU means.
Question # 3
The purpose of credit card is.
Question # 4
Which method is mostly used in making foreign payment
Question # 5
The money sent through post office from one country to another
Question # 6
In L.C. the other name of exporter's bank is.
Question # 7
If there is no gurantee to honour the L.C. It is called.
Question # 8
Stock certificates are issued by.
Question # 9
Letter of credit is opened by.
Question # 10
Postal order is the example of.
Question # 11
The price of one country's currency in term other country's currency is called
Question # 12
The word L.C stand for.
Question # 13
What is the objective of foreign exchange control
Question # 14
the developed form of red claause L.C. is.
Question # 15
Which of the following is a non commercial L.C.
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 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 2 | The purpose of credit card is. |
A. Sell goods
B. Control credit
C. Purchase goods
D. None of these
|
| 3 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 4 | The bank that makes payment to the exporter after receiving L.C. is called. |
A. Advising bank
B. Informatory bank
C. Paying bank
D. All of these
|
| 5 | 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
|
| 6 | Which of the following nature does IOU have. |
A. An authograph
B. A monograph
C. A sonograph
D. A holograph
|
| 7 | 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
|
| 8 | The Kiind of non commercial letter of credit includes. |
A. Traveler L.C.
B. Circular note
C. Credit card
D. All of these
|
| 9 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 10 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
Test Questions
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