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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 method is mostly used in making foreign payment
Question # 2
Stock certificates are issued by.
Question # 3
The bank that makes payment to the exporter after receiving L.C. is called.
Question # 4
The purpose of credit card is.
Question # 5
The price of one country's currency in term other country's currency is called
Question # 6
Which of the following rate keeps the balance of payments in equilibrium
Question # 7
Which party to L.C. is called beneficiary.
Question # 8
The more increase in exchange rate for a country under gold standard is called
Question # 9
The kind of commercial letter of credit includes.
Question # 10
Letter of credit is opened by.
Question # 11
I.O.U. Is a credit instrument.
Question # 12
The L.C. which is accompanied by some documents is called.
Question # 13
Paying bank with respect to a letter of credit is called.
Question # 14
Non geogibale credit instruemnt are.
Question # 15
The word IOU means.
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 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 3 | Which party of the L.C. is called beneficiary. |
A. Opening bank
B. Buyer
C. Exporter
D. Ex porter's bank
|
| 4 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 5 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 6 | If there is no gurantee to honour the L.C. It is called. |
A. Documentary L.C.
B. Revolving L.C.
C. Back to back L.C.
D. Unconfirmed L.C.
|
| 7 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 8 | Content of money order includes. |
A. Fixed amount
B. Non transferable
C. Identification
D. All of these
|
| 9 | 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
|
| 10 | Postal order is the example of. |
A. Negotible credit instrument
B. Cash instruent
C. Non negotiable credit instrument
D. None of these
|
Test Questions