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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
Which party to L.C. is called beneficiary.
Question # 2
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 3
The price of one country's currency in term other country's currency is called
Question # 4
Parties involved in postal order
Question # 5
Letter of credit state a limit of.
Question # 6
Postal order is the example of.
Question # 7
Which method is mostly used in making foreign payment
Question # 8
If there is no gurantee to honour the L.C. It is called.
Question # 9
The word IOU means.
Question # 10
The purpose of credit card is.
Question # 11
Features of I.O.U. are
Question # 12
The example of non commercial letter of credit.
Question # 13
Transfer of money from one palce to another place with the help of post office.
Question # 14
Paying bank with respect to a letter of credit is called.
Question # 15
In L.C. the other name of importer's bank is.
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 | In L.C. the other name of exporter's bank is. |
A. Paying bank
B. Advising bank
C. Negotiating bank
D. All of these
|
| 2 | Content of money order includes. |
A. Fixed amount
B. Non transferable
C. Identification
D. All of these
|
| 3 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 4 | Which party to L.C. is called beneficiary. |
A. Import
B. Export
C. Advising bank
D. Opening bank
|
| 5 | Parties involvedin money order. |
A. Two
B. Three
C. Four
D. Five
|
| 6 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 7 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 8 | Features of I.O.U. are |
A. Written form
B. Evidence of debt
C. Fixed amount
D. All of these
|
| 9 | Which of the following nature does IOU have. |
A. An authograph
B. A monograph
C. A sonograph
D. A holograph
|
| 10 | 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
|
Test Questions