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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
The price of one country's currency in term other country's currency is called
Question # 3
The word IOU means.
Question # 4
Which party to L.C. is called beneficiary.
Question # 5
the developed form of red claause L.C. is.
Question # 6
The term foreign exchange includes
Question # 7
Foreign exchange control reduces the
Question # 8
Which of the following rate keeps the balance of payments in equilibrium
Question # 9
Which of the following theories is associated with the working of international gold standard
Question # 10
Generally, the instruments which are used in foreign receipts and payments called
Question # 11
Feature of postal order
Question # 12
In L.C. the other name of importer's bank is.
Question # 13
The kind of commercial letter of credit includes.
Question # 14
Parties involvedin money order.
Question # 15
Paying bank with respect to a letter of credit is called.
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 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 2 | Which of the following changes cause to change in foreign exchange rate |
A. Change in export and imports
B. Change in capital flow
C. Change in bank rate
D. All the above
|
| 3 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 4 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 5 | Which party of the L.C. is called beneficiary. |
A. Opening bank
B. Buyer
C. Exporter
D. Ex porter's bank
|
| 6 | 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
|
| 7 | The kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 8 | The money sent through post office from one country to another |
A. Traveller's cheque
B. Bank draft
C. Letter of credit
D. International money order
|
| 9 | The Kiind of non commercial letter of credit includes. |
A. Traveler L.C.
B. Circular note
C. Credit card
D. All of these
|
| 10 | The example of non commercial letter of credit. |
A. Red clause L.C.
B. Green clause LC.
C. Traveler's L.C.
D. Documentary L.C.
|
Test Questions