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

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Sr.#	Question	Answer
1	Upper specie point is got by adding the delivery charges in following metal	A. Silver B. Gold C. Iron D. Copper
2	The word L.C stand for.	A. Long credit B. Less credit C. Letter of credit D. None of these
3	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.
4	Content of money order includes.	A. Fixed amount B. Non transferable C. Identification D. All of these
5	Which of the following nature does IOU have.	A. An authograph B. A monograph C. A sonograph D. A holograph
6	Parties involvedin money order.	A. Two B. Three C. Four D. Five
7	Which method is mostly used in making foreign payment	A. Foreign bills of exchange B. By post C. By telegraph D. None of these
8	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.
9	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
10	I.O.U. Is a credit instrument.	A. Negotiable B. Non Negotiable C. Partial Negotiable D. Conditional negotiable