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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
Stock certificates are issued by.
Question # 2
Which of the following theories is associated with the working of international gold standard
Question # 3
Upper specie point is got by adding the delivery charges in following metal
Question # 4
Transfer of money from one palce to another place with the help of post office.
Question # 5
Features of I.O.U. are
Question # 6
Parties involvedin money order.
Question # 7
Which of the following changes cause to change in foreign exchange rate
Question # 8
The word L.C stand for.
Question # 9
Letter of credit is opened by.
Question # 10
The kind of commercial letter of credit includes.
Question # 11
Which method is mostly used in making foreign payment
Question # 12
Postal order is the example of.
Question # 13
Foreign exchange control reduces the
Question # 14
Generally, the instruments which are used in foreign receipts and payments called
Question # 15
Which of the following is a non commercial L.C.
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 word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 2 | Which of the following rate keeps the balance of payments in equilibrium |
A. Discount rate
B. Interest rate
C. Exchange rate
D. Market rate
|
| 3 | The bank that makes payment to the exporter after receiving L.C. is called. |
A. Advising bank
B. Informatory bank
C. Paying bank
D. All of these
|
| 4 | Foreign exchange control reduces the |
A. Circulation of capital
B. Export of capital
C. Import of capital
D. None of the above
|
| 5 | Paying bank with respect to a letter of credit is called. |
A. Advising bank
B. Informatory bank
C. Both these
D. None of these
|
| 6 | 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
|
| 7 | Which of the following nature does IOU have. |
A. An authograph
B. A monograph
C. A sonograph
D. A holograph
|
| 8 | Upper specie point is got by adding the delivery charges in following metal |
A. Silver
B. Gold
C. Iron
D. Copper
|
| 9 | Generally, the instruments which are used in foreign receipts and payments called |
A. Exchange rate
B. Foreign exchange
C. Letter of credit
D. All of the above
|
| 10 | 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
|
Test Questions