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	Letter of credit state a limit of.	A. Credit B. Time period C. Bank D. None of these
2	The term foreign exchange includes	A. Bank draft B. Letter of credit C. Foreign B/E D. All the above
3	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
4	The L.C. which is accompanied by some documents is called.	A. Documentary L.C. B. Revolving L.C. C. Back to back L.C. D. Simple L.C.
5	Foreign exchange control reduces the	A. Circulation of capital B. Export of capital C. Import of capital D. None of the above
6	Feature of postal order	A. Serial no B. value C. Commission D. All of these
7	The word L.C stand for.	A. Long credit B. Less credit C. Letter of credit D. None of these
8	What is the objective of foreign exchange control	A. To stabilize exchange rate B. To increase government revenue C. Favorable balance of payment D. All the above
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 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