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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
Paying bank with respect to a letter of credit is called.
Question # 2
Parties involvedin money order.
Question # 3
In L.C. the other name of exporter's bank is.
Question # 4
What is the objective of foreign exchange control
Question # 5
Feature of postal order
Question # 6
Postal order is the example of.
Question # 7
The change in demand and supply of foreign currency effects
Question # 8
Generally, the instruments which are used in foreign receipts and payments called
Question # 9
Which party to L.C. is called beneficiary.
Question # 10
Which of the following changes cause to change in foreign exchange rate
Question # 11
The rate of exchange determined by two countries following non-convertible paper currency system is a point where
Question # 12
The Kiind of non commercial letter of credit includes.
Question # 13
Which method is mostly used in making foreign payment
Question # 14
The word L.C stand for.
Question # 15
Letter of credit state a limit of.
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 kind of commercial letter of credit includes. |
A. Revocable L.C.
B. Unconditional L.C.
C. Confirmed L.C.
D. All of these
|
| 2 | Parties involved in I.O.U |
A. Three
B. Four
C. Two
D. Five
|
| 3 | 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.
|
| 4 | The word IOU means. |
A. I am your creditor
B. I am your debtor
C. I am your friend
D. None of these
|
| 5 | Which method is mostly used in making foreign payment |
A. Foreign bills of exchange
B. By post
C. By telegraph
D. None of these
|
| 6 | Letter of credit state a limit of. |
A. Credit
B. Time period
C. Bank
D. None of these
|
| 7 | Which party to L.C. is called beneficiary. |
A. Import
B. Export
C. Advising bank
D. Opening bank
|
| 8 | 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
|
| 9 | I.O.U. Is a credit instrument. |
A. Negotiable
B. Non Negotiable
C. Partial Negotiable
D. Conditional negotiable
|
| 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