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

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	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
2	Parties involved in postal order	A. Two B. Three C. Four D. Five
3	The price of one country's currency in term other country's currency is called	A. Foreign currency B. Traveller's L.C. C. Exchange rate D. None of these
4	Transfer of money from one palce to another place with the help of post office.	A. Cheque B. Draft C. Money order D. None of these
5	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
6	The purpose of credit card is.	A. Sell goods B. Control credit C. Purchase goods D. None of these
7	Which of the following rate keeps the balance of payments in equilibrium	A. Discount rate B. Interest rate C. Exchange rate D. Market rate
8	The kind of commercial letter of credit includes.	A. Revocable L.C. B. Unconditional L.C. C. Confirmed L.C. D. All 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	I.O.U. Is a credit instrument.	A. Negotiable B. Non Negotiable C. Partial Negotiable D. Conditional negotiable