12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 1 (Beginning and Evolution of Bank)

ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test

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Question # 1

The main purpose of commercial bank is.

Question # 2

The charger of commercial Bank is.

Question # 3

The primary objective of a central bank is to

Question # 4

Commercial Bank is a factory of creating credit.

Question # 5

American express Bank is an example of.

Question # 6

What kinds of business does a commercial bank do

Question # 7

Which bank was formed under the royal order

Question # 8

In these days Banks are formed under companies ordinance.

Question # 9

Money Lenders usually known as.

Question # 10

"EFT" stands for

Question # 11

The document by which the people are invited to buy the shares of bank is called

Question # 12

Which document is attached to the application for the registration of bank

Question # 13

The change in the address of abnk should be intimated to registar within:

Question # 14

Manage the internal affairs of Bank.

Question # 15

Commercial bank is factory of creating credit.

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ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 bank is the developed form of
A. The business of moneylenders
B. The business of merchants
C. The business of goldsmiths
D. None of the above
2 Second stage of formation of bank is called.
A. Incorporation
B. Commencement
C. Issue of shares
D. Promotion
3 Who used to tak gold and precfious metal as safe custody.
A. Merchants
B. Kings
C. Money Lenders
D. Gold Smiths
4 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
5 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
6 Example of consortium Bank.
A. SBP
B. Orion Bank
C. MCB
D. NBP
7 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
8 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange
9 Bank of England was formed in:
A. 1594
B. 1694
C. 1794
D. 1894
10 Commercial bank is factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I .Heart

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