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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
Feature of postal order
Question # 2
Which of the following rate keeps the balance of payments in equilibrium
Question # 3
In L.C. the other name of importer's bank is.
Question # 4
If the demand of any country's currency increases then rate of exchange becomes
Question # 5
Which method is mostly used in making foreign payment
Question # 6
The change in demand and supply of foreign currency effects
Question # 7
The more increase in exchange rate for a country under gold standard is called
Question # 8
I.O.U. Is a credit instrument.
Question # 9
What is the objective of foreign exchange control
Question # 10
Parties involved in postal order
Question # 11
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 12
The example of non commercial letter of credit.
Question # 13
The L.C. which is accompanied by some documents is called.
Question # 14
Upper specie point is got by adding the delivery charges in following metal
Question # 15
Paying bank with respect to a letter of credit is called.
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 party to L.C. is called beneficiary. |
A. Import
B. Export
C. Advising bank
D. Opening bank
|
| 2 | Which of the following theories is associated with the working of international gold standard |
A. Mint par parity theory
B. Purchasing power theory
C. Balance of payments theory
D. All of the above
|
| 3 | Parties involved in postal order |
A. Two
B. Three
C. Four
D. Five
|
| 4 | The kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 5 | Postal order is the example of. |
A. Negotible credit instrument
B. Cash instruent
C. Non negotiable credit instrument
D. None of these
|
| 6 | The term foreign exchange includes |
A. Bank draft
B. Letter of credit
C. Foreign B/E
D. All the above
|
| 7 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 8 | 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
|
| 9 | The money sent through post office from one country to another |
A. Traveller's cheque
B. Bank draft
C. Letter of credit
D. International money order
|
| 10 | 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
|
Test Questions