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

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Parties involved in I.O.U	A. Three B. Four C. Two D. Five
2	The purpose of credit card is.	A. Sell goods B. Control credit C. Purchase goods D. None of these
3	The example of non commercial letter of credit.	A. Red clause L.C. B. Green clause LC. C. Traveler's L.C. D. Documentary L.C.
4	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
5	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
6	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.
7	The rate of exchange determined by two countries following non-convertible paper currency system is a point where	A. The purchasing power of currency is same B. The purchasing power of currency is different C. The purchasing power of currency is zero D. None of the above
8	Content of money order includes.	A. Fixed amount B. Non transferable C. Identification D. All of these
9	Paying bank with respect to a letter of credit is called.	A. Advising bank B. Informatory bank C. Both these D. None of these
10	Feature of postal order	A. Serial no B. value C. Commission D. All of these