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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 of the following theories is associated with the working of international gold standard
Question # 2
The example of non commercial letter of credit.
Question # 3
The Kiind of non commercial letter of credit includes.
Question # 4
Feature of postal order
Question # 5
The price of one country's currency in term other country's currency is called
Question # 6
Transfer of money from one palce to another place with the help of post office.
Question # 7
The more increase in exchange rate for a country under gold standard is called
Question # 8
Letter of credit is opened by.
Question # 9
The money sent through post office from one country to another
Question # 10
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 11
Upper specie point is got by adding the delivery charges in following metal
Question # 12
Which of the following rate keeps the balance of payments in equilibrium
Question # 13
Paying bank with respect to a letter of credit is called.
Question # 14
Letter of credit state a limit of.
Question # 15
Parties involved in postal order
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 | Content of money order includes. |
A. Fixed amount
B. Non transferable
C. Identification
D. All of these
|
| 2 | 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
|
| 3 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None 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 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 6 | Parties involved in postal order |
A. Two
B. Three
C. Four
D. Five
|
| 7 | The kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 8 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 9 | The purpose of credit card is. |
A. Sell goods
B. Control credit
C. Purchase goods
D. None of these
|
| 10 | Which of the following is a non commercial L.C. |
A. Revolving L.C.
B. Traveler 's cheque
C. Unconfirmed L.C.
D. Special L.C.
|
Test Questions