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	Upper specie point is got by adding the delivery charges in following metal	A. Silver B. Gold C. Iron D. Copper
2	Which of the following is a non commercial L.C.	A. Revolving L.C. B. Traveler 's cheque C. Unconfirmed L.C. D. Special L.C.
3	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
4	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
5	Non geogibale credit instruemnt are.	A. Letter of credit B. I.O.U C. Money order D. All of these
6	Foreign exchange control reduces the	A. Circulation of capital B. Export of capital C. Import of capital D. None of the above
7	Stock certificates are issued by.	A. Cental bank B. Stock market C. Limite Company D. Partnership
8	Which method is mostly used in making foreign payment	A. Foreign bills of exchange B. By post C. By telegraph D. None of these
9	If there is no gurantee to honour the L.C. It is called.	A. Documentary L.C. B. Revolving L.C. C. Back to back L.C. D. Unconfirmed L.C.
10	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