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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
Feature of postal order
Question # 2
In L.C. the other name of exporter's bank is.
Question # 3
The more increase in exchange rate for a country under gold standard is called
Question # 4
The word IOU means.
Question # 5
Transfer of money from one palce to another place with the help of post office.
Question # 6
Postal order is the example of.
Question # 7
The example of non commercial letter of credit.
Question # 8
Which of the following theories is associated with the working of international gold standard
Question # 9
the developed form of red claause L.C. is.
Question # 10
Parties involvedin money order.
Question # 11
The price of one country's currency in term other country's currency is called
Question # 12
The term foreign exchange includes
Question # 13
Which of the following is a non commercial L.C.
Question # 14
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 15
If there is no gurantee to honour the L.C. It is called.
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 | 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
|
| 2 | 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
|
| 3 | Paying bank with respect to a letter of credit is called. |
A. Advising bank
B. Informatory bank
C. Both these
D. None of these
|
| 4 | Which party of the L.C. is called beneficiary. |
A. Opening bank
B. Buyer
C. Exporter
D. Ex porter's bank
|
| 5 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 6 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 7 | The word L.C stand for. |
A. Long credit
B. Less credit
C. Letter of credit
D. None of these
|
| 8 | Generally, the instruments which are used in foreign receipts and payments called |
A. Exchange rate
B. Foreign exchange
C. Letter of credit
D. All of the above
|
| 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 | In L.C. the other name of importer's bank is. |
A. Buyer bank
B. Opening bank
C. Issuing bank
D. All of these
|
Test Questions