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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
ic

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 In L.C. the other name of importer's bank is.
  • A. Buyer bank
  • B. Opening bank
  • C. Issuing bank
  • D. All of these
2 Which method is mostly used in making foreign payment
  • A. Foreign bills of exchange
  • B. By post
  • C. By telegraph
  • D. None of these
3 I.O.U. Is a credit instrument.
  • A. Negotiable
  • B. Non Negotiable
  • C. Partial Negotiable
  • D. Conditional negotiable
4 Which party to L.C. is called beneficiary.
  • A. Import
  • B. Export
  • C. Advising bank
  • D. Opening bank
5 Content of money order includes.
  • A. Fixed amount
  • B. Non transferable
  • C. Identification
  • D. All of these
6 The example of non commercial letter of credit.
  • A. Red clause L.C.
  • B. Green clause LC.
  • C. Traveler's L.C.
  • D. Documentary L.C.
7 The term foreign exchange includes
  • A. Bank draft
  • B. Letter of credit
  • C. Foreign B/E
  • D. All the above
8 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
9 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.
10 Letter of credit state a limit of.
  • A. Credit
  • B. Time period
  • C. Bank
  • D. None of these

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

H

Hassan Maqsood

Lahore26 - May - 2023

13/15
02 Mins 20 Sec
A

Ayesha Ayaz

Lahore23 - May - 2023

10/15
01 Mins 30 Sec
H

Hassan Maqsood

Lahore26 - May - 2023

10/15
02 Mins
H

Hassan Maqsood

Lahore26 - May - 2023

8/15
03 Mins 13 Sec

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