12th Chapter

12th Principles of Banking Chapter 12 Test

Here you can prepare 12th Class Principles of Banking Chapter 12 Foreign Exchange Transaction Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Meaning and importance of foreign exchange . Kinds of foreign exchange transactions . Methods of marking foreign payments . Foreign exchange market and its functions . Exchange control, its objectives and method . Determination of exchange rate . Types of exchange rate . Causes of changes in exchange rate

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

Sr. # Questions Answers Choice
1 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
2 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
3 the developed form of red claause L.C. is.
  • A. Revocable L.C.
  • B. Green clause L.C.
  • C. Unconfirmed L.C.
  • D. All of these
4 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.
5 Which party to L.C. is called beneficiary.
  • A. Import
  • B. Export
  • C. Advising bank
  • D. Opening bank
6 If the demand of any country's currency increases then rate of exchange becomes
  • A. Favorable
  • B. Unfavorable
  • C. Both a and b
  • D. None of these
7 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
8 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
9 The term foreign exchange includes
  • A. Bank draft
  • B. Letter of credit
  • C. Foreign B/E
  • D. All the above
10 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

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