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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
ic

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 Feature of postal order
  • A. Serial no
  • B. value
  • C. Commission
  • D. All of these
2 I.O.U. Is a credit instrument.
  • A. Negotiable
  • B. Non Negotiable
  • C. Partial Negotiable
  • D. Conditional negotiable
3 The Kiind of non commercial letter of credit includes.
  • A. Traveler L.C.
  • B. Circular note
  • C. Credit card
  • D. All of these
4 The purpose of credit card is.
  • A. Sell goods
  • B. Control credit
  • C. Purchase goods
  • D. None of these
5 Paying bank with respect to a letter of credit is called.
  • A. Advising bank
  • B. Informatory bank
  • C. Both these
  • D. None of these
6 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
7 Letter of credit state a limit of.
  • A. Credit
  • B. Time period
  • C. Bank
  • D. None of these
8 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.
9 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
10 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

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test

H

Hassan Abid

Lahore23 - Jun - 2022

13/15
01 Mins 37 Sec
H

Hassan Abid

Lahore22 - Jun - 2022

12/15
01 Mins 58 Sec
R

Ramla Akhlaq

Lahore18 - Jun - 2022

9/15
02 Mins 26 Sec
R

Ramla Akhlaq

Lahore18 - Jun - 2022

9/15
02 Mins 26 Sec
H

Hamza Abid

Abbottabad02 - Jun - 2022

9/15
10 Mins 50 Sec
S

Shah Jahan

Lahore23 - Jun - 2022

8/15
04 Mins 59 Sec

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