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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 L.C. which is accompanied by some documents is called.
Question # 2
Feature of postal order
Question # 3
The word L.C stand for.
Question # 4
The more increase in exchange rate for a country under gold standard is called
Question # 5
Which party of the L.C. is called beneficiary.
Question # 6
The change in demand and supply of foreign currency effects
Question # 7
The kind of commercial letter of credit includes.
Question # 8
Which party to L.C. is called beneficiary.
Question # 9
Non geogibale credit instruemnt are.
Question # 10
Generally, the instruments which are used in foreign receipts and payments called
Question # 11
Upper specie point is got by adding the delivery charges in following metal
Question # 12
The money sent through post office from one country to another
Question # 13
Parties involved in I.O.U
Question # 14
What is the objective of foreign exchange control
Question # 15
The example of non commercial letter of credit.
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 | 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
|
| 2 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 3 | Feature of postal order |
A. Serial no
B. value
C. Commission
D. All of these
|
| 4 | The change in demand and supply of foreign currency effects |
A. Exchange rate
B. Traveller's L.C
C. Letter of credit
D. None of these
|
| 5 | The kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 6 | 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
|
| 7 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 8 | Non geogibale credit instruemnt are. |
A. Letter of credit
B. I.O.U
C. Money order
D. All of these
|
| 9 | Paying bank with respect to a letter of credit is called. |
A. Advising bank
B. Informatory bank
C. Both these
D. None of these
|
| 10 | Content of money order includes. |
A. Fixed amount
B. Non transferable
C. Identification
D. All of these
|
Test Questions