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

Start Chapter 1 Test

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

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

  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

Question # 2

According to Sir John Paget, a bank is an institution which :

Question # 3

Commercial Bank is a factory of creating credit.

Question # 4

Due to good Banking system which sector showed Rapid growth.

Question # 5

What type of institution a bank is:

Question # 6

Who are called the ancestors of modern banks.

Question # 7

American express Bank is an example of.

Question # 8

bank is the developed form of

Question # 9

The main purpose of commercial bank is.

Question # 10

Commercial bank is factory of creating credit.

Question # 11

The detail in the memorandum of bank is recorded :

Question # 12

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

Question # 13

Essentials of successfl banking.

Question # 14

How many minimum promoters are required to sign on an application for the registration of commercial bank

Question # 15

The primary objective of a central bank is to

Prepare Complete Set Wise Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00

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

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test" MCQ`s Test

  • Z
    Zeeshan Haider 02 - Jul - 2024 00 Min 39 Sec 15/15
  • T
    Teiyr 11 - Nov - 2025 01 Min 41 Sec 15/15
  • O
    Omisha Roy 03 - May - 2024 02 Min 17 Sec 15/15
  • F
    Fatima Raja 16 - Dec - 2024 01 Min 53 Sec 14/15
  • W
    w king 26 - Nov - 2024 02 Min 16 Sec 13/15
  • W
    Waiz Sharif 11 - Jan - 2025 02 Min 08 Sec 12/15
  • T
    Tuba Shahid T 13 - Jul - 2024 02 Min 19 Sec 12/15
  • D
    Domanto Sports 04 - May - 2024 02 Min 32 Sec 11/15
  • R
    Raja Musa Sohail 15 - Apr - 2024 02 Min 33 Sec 11/15
  • M
    Muhammad Waqas Butt 16 - Mar - 2026 02 Min 41 Sec 11/15
  • A
    Aliza Fiaz 29 - Apr - 2026 02 Min 08 Sec 10/15
  • K
    Kainat Mudasar 26 - Apr - 2024 05 Min 34 Sec 10/15
  • S
    sameer abbas 07 - May - 2026 11 Min 18 Sec 10/15
  • E
    Eman Khalid 12 - Mar - 2026 01 Min 52 Sec 9/15
  • A
    Afia Mashood 14 - Apr - 2024 02 Min 20 Sec 9/15

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

Sr.# Question Answer
1 Which of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank
2 Begining of Bank draft by.
A. Kings
B. Money Lenders
C. Merchants
D. Gold smith
3 When was the "Reserve Bank of India" established:
A. 1925
B. 1935
C. 1940
D. 1945
4 Which method is used for the formation of bank
A. Royal order
B. Special ordinance
C. Company's ordinance
D. All of the above
5 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
6 Commercial bank is factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I .Heart
7 The primary objective of a central bank is to
A. Earn profit
B. Advance loans to traders
C. Safeguard the national interest
D. All of the above
8 Bank of England was formed in:
A. 1594
B. 1694
C. 1794
D. 1894
9 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
10 Commercial Bank is a factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I.Heart

Test Questions

Share your comments & questions here

Guest
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply