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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
Which method is mostly used in making foreign payment
Question # 2
In L.C. the other name of importer's bank is.
Question # 3
The example of non commercial letter of credit.
Question # 4
Which of the following rate keeps the balance of payments in equilibrium
Question # 5
The price of one country's currency in term other country's currency is called
Question # 6
Generally, the instruments which are used in foreign receipts and payments called
Question # 7
The word IOU means.
Question # 8
Feature of postal order
Question # 9
If there is no gurantee to honour the L.C. It is called.
Question # 10
Which of the following theories is associated with the working of international gold standard
Question # 11
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 12
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 13
The Kiind of non commercial letter of credit includes.
Question # 14
The money sent through post office from one country to another
Question # 15
Parties involved in postal order
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 | In L.C. the other name of exporter's bank is. |
A. Paying bank
B. Advising bank
C. Negotiating bank
D. All of these
|
| 2 | Paying bank with respect to a letter of credit is called. |
A. Advising bank
B. Informatory bank
C. Both these
D. None of these
|
| 3 | 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.
|
| 4 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 5 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 6 | 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.
|
| 7 | Transfer of money from one palce to another place with the help of post office. |
A. Cheque
B. Draft
C. Money order
D. None of these
|
| 8 | The kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 9 | The purpose of credit card is. |
A. Sell goods
B. Control credit
C. Purchase goods
D. None of these
|
| 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