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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
Parties involved in I.O.U
Question # 2
Which of the following is a non commercial L.C.
Question # 3
The word IOU means.
Question # 4
Which party of the L.C. is called beneficiary.
Question # 5
Parties involved in postal order
Question # 6
Upper specie point is got by adding the delivery charges in following metal
Question # 7
The price of one country's currency in term other country's currency is called
Question # 8
Which of the following rate keeps the balance of payments in equilibrium
Question # 9
If the demand of any country's currency increases then rate of exchange becomes
Question # 10
Letter of credit state a limit of.
Question # 11
If there is no gurantee to honour the L.C. It is called.
Question # 12
the developed form of red claause L.C. is.
Question # 13
Letter of credit is opened by.
Question # 14
The money sent through post office from one country to another
Question # 15
Which party to L.C. is called beneficiary.
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 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 2 | The L.C. which is accompanied by some documents is called. |
A. Documentary L.C.
B. Revolving L.C.
C. Back to back L.C.
D. Simple L.C.
|
| 3 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 4 | 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
|
| 5 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 6 | In L.C. the other name of exporter's bank is. |
A. Paying bank
B. Advising bank
C. Negotiating bank
D. All of these
|
| 7 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 8 | In L.C. the other name of importer's bank is. |
A. Buyer bank
B. Opening bank
C. Issuing bank
D. All of these
|
| 9 | Which of the following changes cause to change in foreign exchange rate |
A. Change in export and imports
B. Change in capital flow
C. Change in bank rate
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
|
Test Questions