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	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
2	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
3	The word L.C stand for.	A. Long credit B. Less credit C. Letter of credit D. None of these
4	Paying bank with respect to a letter of credit is called.	A. Advising bank B. Informatory bank C. Both these D. None of these
5	Stock certificates are issued by.	A. Cental bank B. Stock market C. Limite Company D. Partnership
6	Features of I.O.U. are	A. Written form B. Evidence of debt C. Fixed amount D. All of these
7	The price of one country's currency in term other country's currency is called	A. Foreign currency B. Traveller's L.C. C. Exchange rate D. None of these
8	If the demand of any country's currency increases then rate of exchange becomes	A. Favorable B. Unfavorable C. Both a and b D. None of these
9	the developed form of red claause L.C. is.	A. Revocable L.C. B. Green clause L.C. C. Unconfirmed L.C. D. All of these
10	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.