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 L.C. which is accompanied by some documents is called.	Documentary L.C. Revolving L.C. Back to back L.C. Simple L.C.
2	Parties involvedin money order.	Two Three Four Five
3	Content of money order includes.	Fixed amount Non transferable Identification All of these
4	Transfer of money from one palce to another place with the help of post office.	Cheque Draft Money order None of these
5	Feature of postal order	Serial no value Commission All of these
6	Parties involved in postal order	Two Three Four Five
7	Postal order is the example of.	Negotible credit instrument Cash instruent Non negotiable credit instrument None of these
8	Features of I.O.U. are	Written form Evidence of debt Fixed amount All of these
9	Parties involved in I.O.U	Three Four Two Five
10	Non geogibale credit instruemnt are.	Letter of credit I.O.U Money order All of these
11	I.O.U. Is a credit instrument.	Negotiable Non Negotiable Partial Negotiable Conditional negotiable
12	Which of the following nature does IOU have.	An authograph A monograph A sonograph A holograph
13	The example of non commercial letter of credit.	Red clause L.C. Green clause LC. Traveler's L.C. Documentary L.C.
14	Paying bank with respect to a letter of credit is called.	Advising bank Informatory bank Both these None of these
15	Letter of credit is opened by.	Importer 's bank Exporter's bank Wholse seller None of these