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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
In L.C. the other name of importer's bank is.
Question # 2
I.O.U. Is a credit instrument.
Question # 3
Non geogibale credit instruemnt are.
Question # 4
The more increase in exchange rate for a country under gold standard is called
Question # 5
The change in demand and supply of foreign currency effects
Question # 6
The term foreign exchange includes
Question # 7
Which of the following theories is associated with the working of international gold standard
Question # 8
The example of non commercial letter of credit.
Question # 9
the developed form of red claause L.C. is.
Question # 10
If there is no gurantee to honour the L.C. It is called.
Question # 11
Feature of postal order
Question # 12
If the demand of any country's currency increases then rate of exchange becomes
Question # 13
Stock certificates are issued by.
Question # 14
The Kiind of non commercial letter of credit includes.
Question # 15
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
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 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 2 | Parties involvedin money order. |
A. Two
B. Three
C. Four
D. Five
|
| 3 | The Kiind of non commercial letter of credit includes. |
A. Traveler L.C.
B. Circular note
C. Credit card
D. All of these
|
| 4 | Parties involved in postal order |
A. Two
B. Three
C. Four
D. Five
|
| 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 | The bank that makes payment to the exporter after receiving L.C. is called. |
A. Advising bank
B. Informatory bank
C. Paying bank
D. All of these
|
| 7 | The word L.C stand for. |
A. Long credit
B. Less credit
C. Letter of credit
D. None of these
|
| 8 | Which party of the L.C. is called beneficiary. |
A. Opening bank
B. Buyer
C. Exporter
D. Ex porter's bank
|
| 9 | 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
|
| 10 | 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.
|
Test Questions