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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
Which of the following nature does IOU have.
Question # 2
If there is no gurantee to honour the L.C. It is called.
Question # 3
If the demand of any country's currency increases then rate of exchange becomes
Question # 4
Transfer of money from one palce to another place with the help of post office.
Question # 5
Parties involved in postal order
Question # 6
Content of money order includes.
Question # 7
Features of I.O.U. are
Question # 8
Which of the following changes cause to change in foreign exchange rate
Question # 9
Which party of the L.C. is called beneficiary.
Question # 10
In L.C. the other name of importer's bank is.
Question # 11
I.O.U. Is a credit instrument.
Question # 12
The price of one country's currency in term other country's currency is called
Question # 13
Parties involvedin money order.
Question # 14
The change in demand and supply of foreign currency effects
Question # 15
Generally, the instruments which are used in foreign receipts and payments 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 | The term foreign exchange includes |
A. Bank draft
B. Letter of credit
C. Foreign B/E
D. All the above
|
| 2 | 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
|
| 3 | In L.C. the other name of importer's bank is. |
A. Buyer bank
B. Opening bank
C. Issuing bank
D. All of these
|
| 4 | Paying bank with respect to a letter of credit is called. |
A. Advising bank
B. Informatory bank
C. Both these
D. None 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 change in demand and supply of foreign currency effects |
A. Exchange rate
B. Traveller's L.C
C. Letter of credit
D. None of these
|
| 7 | The Kiind of non commercial letter of credit includes. |
A. Traveler L.C.
B. Circular note
C. Credit card
D. All of these
|
| 8 | In L.C. the other name of exporter's bank is. |
A. Paying bank
B. Advising bank
C. Negotiating bank
D. All of these
|
| 9 | Which method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
| 10 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
Test Questions