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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
The price of one country's currency in term other country's currency is called
Question # 2
Which of the following is a non commercial L.C.
Question # 3
Foreign exchange control reduces the
Question # 4
The more increase in exchange rate for a country under gold standard is called
Question # 5
Generally, the instruments which are used in foreign receipts and payments called
Question # 6
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 7
The money sent through post office from one country to another
Question # 8
Postal order is the example of.
Question # 9
Which method is mostly used in making foreign payment
Question # 10
The example of non commercial letter of credit.
Question # 11
Which party to L.C. is called beneficiary.
Question # 12
the developed form of red claause L.C. is.
Question # 13
In L.C. the other name of exporter's bank is.
Question # 14
The Kiind of non commercial letter of credit includes.
Question # 15
Non geogibale credit instruemnt are.
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 | Feature of postal order |
A. Serial no
B. value
C. Commission
D. All of these
|
| 2 | The word L.C stand for. |
A. Long credit
B. Less credit
C. Letter of credit
D. None of these
|
| 3 | Letter of credit is opened by. |
A. Importer 's bank
B. Exporter's bank
C. Wholse seller
D. None of these
|
| 4 | Which of the following theories is associated with the working of international gold standard |
A. Mint par parity theory
B. Purchasing power theory
C. Balance of payments theory
D. All of the above
|
| 5 | 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
|
| 6 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 7 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 8 | Parties involved in I.O.U |
A. Three
B. Four
C. Two
D. Five
|
| 9 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 10 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
Test Questions