12th class Principle of Banking chapter 12 online mcq test with answers for ICom part 2 Principle of Banking Chapter 12 (Foreign Exchange Transaction)

Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test

Sr. #	Questions	Answers Choice
1	The purpose of credit card is.	Sell goods Control credit Purchase goods None of these
2	In L.C. the other name of exporter's bank is.	Paying bank Advising bank Negotiating bank All of these
3	In L.C. the other name of importer's bank is.	Buyer bank Opening bank Issuing bank All of these
4	Which of the following is a non commercial L.C.	Revolving L.C. Traveler 's cheque Unconfirmed L.C. Special L.C.
5	If there is no gurantee to honour the L.C. It is called.	Documentary L.C. Revolving L.C. Back to back L.C. Unconfirmed L.C.
6	Which party of the L.C. is called beneficiary.	Opening bank Buyer Exporter Ex porter's bank
7	Stock certificates are issued by.	Cental bank Stock market Limite Company Partnership
8	The L.C. which is accompanied by some documents is called.	Documentary L.C. Revolving L.C. Back to back L.C. Simple L.C.
9	Parties involvedin money order.	Two Three Four Five
10	Content of money order includes.	Fixed amount Non transferable Identification All of these
11	Transfer of money from one palce to another place with the help of post office.	Cheque Draft Money order None of these
12	Feature of postal order	Serial no value Commission All of these
13	Parties involved in postal order	Two Three Four Five
14	Postal order is the example of.	Negotible credit instrument Cash instruent Non negotiable credit instrument None of these
15	Features of I.O.U. are	Written form Evidence of debt Fixed amount All of these

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