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

Which one is the primary function of a bank

Question # 2

Who are called the ancestors of modern banks.

Question # 3

Which method is used for the formation of bank

Question # 4

Essentials of successfl banking.

Question # 5

What kinds of business does a commercial bank do

Question # 6

Which one is the Secondary function commercial bank.

Question # 7

Second stage of formation of bank is called.

Question # 8

Temples were used as early banks in.

Question # 9

Which document does reveal the internal affairs of a bank

Question # 10

Evolutionary history of early banks includes.

Question # 11

The primary objective of a central bank is to

Question # 12

List of Directors is required at the stage of.

Question # 13

bank is the developed form of

Question # 14

Memorandum includes

Question # 15

When was the "Bank of England" got the monopoly ovwe note issue:

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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 Important source of income for Bank.
A. Deposits
B. Current Account
C. Saving account
D. Issued loans
2 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange
3 Which one is the Secondary function commercial bank.
A. Accept deposits
B. Advance loans
C. Collections of cheques
D. All these
4 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
5 Temples were used as early banks in.
A. Italy
B. Room
C. Greece
D. Iraq
6 Bank of England and Royal Bank of Scotaland are an examples of.
A. Statutory Bank
B. Development bank
C. Royal Bank
D. Non eof these
7 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013
8 For selling shares Bank issues
A. Tickets
B. Prospectus
C. Certificate
D. Tokens
9 Money Lenders usually known as.
A. Sheikh
B. Nawab
C. Seth
D. Debtors
10 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these

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    Mannal Fatima

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