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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
The L.C. which is accompanied by some documents is called.
Question # 2
The term foreign exchange includes
Question # 3
Paying bank with respect to a letter of credit is called.
Question # 4
If the demand of any country's currency increases then rate of exchange becomes
Question # 5
Which of the following nature does IOU have.
Question # 6
Letter of credit state a limit of.
Question # 7
Upper specie point is got by adding the delivery charges in following metal
Question # 8
Feature of postal order
Question # 9
The kind of commercial letter of credit includes.
Question # 10
Which method is mostly used in making foreign payment
Question # 11
Foreign exchange control reduces the
Question # 12
Features of I.O.U. are
Question # 13
Content of money order includes.
Question # 14
The example of non commercial letter of credit.
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 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 2 | Which method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
| 3 | 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
|
| 4 | Parties involved in I.O.U |
A. Three
B. Four
C. Two
D. Five
|
| 5 | The example of non commercial letter of credit. |
A. Red clause L.C.
B. Green clause LC.
C. Traveler's L.C.
D. Documentary L.C.
|
| 6 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 7 | Postal order is the example of. |
A. Negotible credit instrument
B. Cash instruent
C. Non negotiable credit instrument
D. None of these
|
| 8 | Stock certificates are issued by. |
A. Cental bank
B. Stock market
C. Limite Company
D. Partnership
|
| 9 | 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
|
| 10 | 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
|
Test Questions