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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
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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 Which of the following nature does IOU have.
  • A. An authograph
  • B. A monograph
  • C. A sonograph
  • D. A holograph
2 The Kiind of non commercial letter of credit includes.
  • A. Traveler L.C.
  • B. Circular note
  • C. Credit card
  • D. All of these
3 Parties involvedin money order.
  • A. Two
  • B. Three
  • C. Four
  • D. Five
4 In L.C. the other name of importer's bank is.
  • A. Buyer bank
  • B. Opening bank
  • C. Issuing bank
  • D. All of these
5 I.O.U. Is a credit instrument.
  • A. Negotiable
  • B. Non Negotiable
  • C. Partial Negotiable
  • D. Conditional negotiable
6 The kind of commercial letter of credit includes.
  • A. Revocable L.C.
  • B. Unconditional L.C.
  • C. Confirmed L.C.
  • 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 Letter of credit state a limit of.
  • A. Credit
  • B. Time period
  • C. Bank
  • D. None of these
9 Non geogibale credit instruemnt are.
  • A. Letter of credit
  • B. I.O.U
  • C. Money order
  • D. All of these
10 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

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