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	I.O.U. Is a credit instrument.	A. Negotiable B. Non Negotiable C. Partial Negotiable D. Conditional negotiable
2	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
3	Features of I.O.U. are	A. Written form B. Evidence of debt C. Fixed amount 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	Which party to L.C. is called beneficiary.	A. Import B. Export C. Advising bank D. Opening bank
6	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
7	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
8	Postal order is the example of.	A. Negotible credit instrument B. Cash instruent C. Non negotiable credit instrument D. None of these
9	Which method is mostly used in making foreign payment	A. Foreign bills of exchange B. By post C. By telegraph D. None of these
10	Foreign exchange control reduces the	A. Circulation of capital B. Export of capital C. Import of capital D. None of the above