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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
The term foreign exchange includes
Question # 2
Which of the following nature does IOU have.
Question # 3
Which of the following theories is associated with the working of international gold standard
Question # 4
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 5
Content of money order includes.
Question # 6
The example of non commercial letter of credit.
Question # 7
The price of one country's currency in term other country's currency is called
Question # 8
Which party to L.C. is called beneficiary.
Question # 9
Generally, the instruments which are used in foreign receipts and payments called
Question # 10
The change in demand and supply of foreign currency effects
Question # 11
Which method is mostly used in making foreign payment
Question # 12
Features of I.O.U. are
Question # 13
The word L.C stand for.
Question # 14
Which of the following changes cause to change in foreign exchange rate
Question # 15
The Kiind of non commercial letter of credit includes.
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 method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
| 2 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 3 | Which party to L.C. is called beneficiary. |
A. Import
B. Export
C. Advising bank
D. Opening bank
|
| 4 | The term foreign exchange includes |
A. Bank draft
B. Letter of credit
C. Foreign B/E
D. All the above
|
| 5 | 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
|
| 6 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 7 | 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.
|
| 8 | The L.C. which is accompanied by some documents is called. |
A. Documentary L.C.
B. Revolving L.C.
C. Back to back L.C.
D. Simple L.C.
|
| 9 | 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
|
| 10 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
Test Questions