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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 term foreign exchange includes
Question # 2
Content of money order includes.
Question # 3
In L.C. the other name of importer's bank is.
Question # 4
Parties involved in I.O.U
Question # 5
The word L.C stand for.
Question # 6
What is the objective of foreign exchange control
Question # 7
Foreign exchange control reduces the
Question # 8
Feature of postal order
Question # 9
The word IOU means.
Question # 10
The price of one country's currency in term other country's currency is called
Question # 11
Which of the following is a non commercial L.C.
Question # 12
Paying bank with respect to a letter of credit is called.
Question # 13
Parties involved in postal order
Question # 14
The example of non commercial letter of credit.
Question # 15
Upper specie point is got by adding the delivery charges in following metal
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 | 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
|
| 2 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 3 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 4 | 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.
|
| 5 | Non geogibale credit instruemnt are. |
A. Letter of credit
B. I.O.U
C. Money order
D. All of these
|
| 6 | Parties involvedin money order. |
A. Two
B. Three
C. Four
D. Five
|
| 7 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 8 | Which method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
| 9 | 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
|
| 10 | The term foreign exchange includes |
A. Bank draft
B. Letter of credit
C. Foreign B/E
D. All the above
|
Test Questions
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