12th Class ICom Part 2 Principles of Banking Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Banking Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	The more increase in exchange rate for a country under gold standard is called	Lower specie point Middle specie point Upper specie point None of the above
2	The change in demand and supply of foreign currency effects	Exchange rate Traveller's L.C Letter of credit None of these
3	If the demand of any country's currency increases then rate of exchange becomes	Favorable Unfavorable Both a and b None of these
4	The price of one country's currency in term other country's currency is called	Foreign currency Traveller's L.C. Exchange rate None of these
5	Which method is mostly used in making foreign payment	Foreign bills of exchange By post By telegraph None of these
6	Generally, the instruments which are used in foreign receipts and payments called	Exchange rate Foreign exchange Letter of credit All of the above
7	Which of the following is a non-commercial letter of credit	Irrevocable letter of credit Red-clause letter of credit Special letter of credit Traveller's letter of credit
8	Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods	Documentary letter of credit Green-clause letter of credit Confirmed letter of credit Red-clause letter of credit
9	Which of the following can be cancelled by the issuing bank without the consent of the other parties	Revocable letter of credit Irrevocable letter of credit Revolving letter of credit Unconditional letter of credit
10	Which of the following parties of a letter of credit is called beneficiary	Importer Exporter Opening bank Advising bank
11	Which letter of credit is automatically renewed by fulfilling certain conditions	Fixed Documentary Confirmed Revolving
12	Which letter of credit is accompanied by some documents	Confirmed Documentary Non-documentary All the above
13	Stock certificate is a document issued by	Commercial bank Central bank Limited companies Stock-market
14	Which of the following is useful in facilitating trade relation between the businessmen of different countries	Bank draft Money order Letter of credit Stock certificate
15	Where are the stock certificates sold and bought	At commercial bank At central bank At post office At stock exchange

Download This Set