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	Foreign exchange control reduces the	A. Circulation of capital B. Export of capital C. Import of capital D. None of the above
2	The kind of commercial letter of credit includes.	A. Revocable L.C. B. Unconditional L.C. C. Confirmed L.C. D. All of these
3	Parties involvedin money order.	A. Two B. Three C. Four D. Five
4	In L.C. the other name of importer's bank is.	A. Buyer bank B. Opening bank C. Issuing bank D. All of these
5	Upper specie point is got by adding the delivery charges in following metal	A. Silver B. Gold C. Iron D. Copper
6	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
7	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
8	Content of money order includes.	A. Fixed amount B. Non transferable C. Identification D. All of these
9	Which of the following nature does IOU have.	A. An authograph B. A monograph C. A sonograph D. A holograph
10	The term foreign exchange includes	A. Bank draft B. Letter of credit C. Foreign B/E D. All the above