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12th Chapter

12th Principles of Banking Chapter 12 Test

Here you can prepare 12th Class Principles of Banking Chapter 12 Foreign Exchange Transaction Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Meaning and importance of foreign exchange . Kinds of foreign exchange transactions . Methods of marking foreign payments . Foreign exchange market and its functions . Exchange control, its objectives and method . Determination of exchange rate . Types of exchange rate . Causes of changes in exchange rate

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

Sr. # Questions Answers Choice
1 Postal order is the example of.
  • A. Negotible credit instrument
  • B. Cash instruent
  • C. Non negotiable credit instrument
  • D. None of these
2 The Kiind of non commercial letter of credit includes.
  • A. Traveler L.C.
  • B. Circular note
  • C. Credit card
  • D. All of these
3 What is the objective of foreign exchange control
  • A. To stabilize exchange rate
  • B. To increase government revenue
  • C. Favorable balance of payment
  • D. All the above
4 I.O.U. Is a credit instrument.
  • A. Negotiable
  • B. Non Negotiable
  • C. Partial Negotiable
  • D. Conditional negotiable
5 Paying bank with respect to a letter of credit is called.
  • A. Advising bank
  • B. Informatory bank
  • C. Both these
  • D. None of these
6 Features of I.O.U. are
  • A. Written form
  • B. Evidence of debt
  • C. Fixed amount
  • D. All of these
7 Letter of credit is opened by.
  • A. Importer 's bank
  • B. Exporter's bank
  • C. Wholse seller
  • D. None of these
8 Which party to L.C. is called beneficiary.
  • A. Import
  • B. Export
  • C. Advising bank
  • D. Opening bank
9 Non geogibale credit instruemnt are.
  • A. Letter of credit
  • B. I.O.U
  • C. Money order
  • D. All of these
10 Foreign exchange control reduces the
  • A. Circulation of capital
  • B. Export of capital
  • C. Import of capital
  • D. None of the above

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test

U

Umer Umer

Lahore08 - Jun - 2024

14/15
08 Mins 15 Sec

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