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	The purpose of credit card is.	A. Sell goods B. Control credit C. Purchase goods D. None of these
2	Postal order is the example of.	A. Negotible credit instrument B. Cash instruent C. Non negotiable credit instrument D. None of these
3	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
4	Letter of credit is opened by.	A. Importer 's bank B. Exporter's bank C. Wholse seller D. None of these
5	Stock certificates are issued by.	A. Cental bank B. Stock market C. Limite Company D. Partnership
6	The more increase in exchange rate for a country under gold standard is called	A. Lower specie point B. Middle specie point C. Upper specie point D. None of the above
7	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.
8	Which party to L.C. is called beneficiary.	A. Import B. Export C. Advising bank D. Opening bank
9	Foreign exchange control reduces the	A. Circulation of capital B. Export of capital C. Import of capital D. None of the above
10	Parties involved in postal order	A. Two B. Three C. Four D. Five