12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 12 (Foreign Exchange Transaction)

ICOM Part 2 English Medium Principles of Banking Chapter 12 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test

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Question # 1

Generally, the instruments which are used in foreign receipts and payments called

Question # 2

Transfer of money from one palce to another place with the help of post office.

Question # 3

Letter of credit is opened by.

Question # 4

The money sent through post office from one country to another

Question # 5

The bank that makes payment to the exporter after receiving L.C. is called.

Question # 6

The word IOU means.

Question # 7

The term foreign exchange includes

Question # 8

Features of I.O.U. are

Question # 9

Letter of credit state a limit of.

Question # 10

The kind of commercial letter of credit includes.

Question # 11

Which party of the L.C. is called beneficiary.

Question # 12

Parties involved in postal order

Question # 13

Feature of postal order

Question # 14

Postal order is the example of.

Question # 15

Foreign exchange control reduces the

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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 Letter of credit state a limit of.
A. Credit
B. Time period
C. Bank
D. None of these
2 Upper specie point is got by adding the delivery charges in following metal
A. Silver
B. Gold
C. Iron
D. Copper
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 Postal order is the example of.
A. Negotible credit instrument
B. Cash instruent
C. Non negotiable credit instrument
D. None of these
5 Feature of postal order
A. Serial no
B. value
C. Commission
D. All of these
6 The word L.C stand for.
A. Long credit
B. Less credit
C. Letter of credit
D. None of these
7 Parties involved in postal order
A. Two
B. Three
C. Four
D. Five
8 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
9 I.O.U. Is a credit instrument.
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
10 The term foreign exchange includes
A. Bank draft
B. Letter of credit
C. Foreign B/E
D. All the above

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