12th class Principle of Banking chapter 1 online mcq test with answers for ICOM part 2 Principle of Banking Chapter 1 (Beginning and Evolution of Bank)

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Sr.#	Question	Answer
1	According to Sir John Paget, a bank is an institution which :	A. Accepts the deposits of general public B. Honours the cheques C. Advances loan D. All of the above
2	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
3	Bank of England was established in.	A. 1494 B. 1694 C. 1920 D. 1668
4	Due to good Banking system which sector showed Rapid growth.	A. Agriculture sector B. Industiral sector C. Banking Sector D. All of these
5	The change in the address of abnk should be intimated to registar within:	A. Eight days B. Ten days C. Eighteen days D. Twenty eight days
6	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
7	Commercial bank is factory of creating credit.	A. Crowther B. Gilbert C. Reynold D. H.I .Heart
8	Who was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
9	The word Bank has been derived from the German word	A. Back B. Bancus C. Banco D. None of the above
10	Evolutionary history of early banks includes.	A. Merechnats B. Money Lenders C. Gold smiths D. All these