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

List of Directors is required at the stage of.

Question # 2

Commercial bank is factory of creating credit.

Question # 3

For Transactions the merchants used to issue.

Question # 4

Example of consortium Bank.

Question # 5

The banks under special ordinance are formed:

Question # 6

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

Question # 7

Who are called the ancestors of modern banks.

Question # 8

Who started the use of bank draft:

Question # 9

Imperial Bank was established in:

Question # 10

When was the "Bank of Venice" established:

Question # 11

Bank of England was formed in:

Question # 12

The first central bank of indo-Pak

Question # 13

For selling shares Bank issues

Question # 14

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

Question # 15

Manage the internal affairs of Bank.

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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 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
2 Bank of England was established in.
A. 1494
B. 1694
C. 1920
D. 1668
3 Which one is the Secondary function commercial bank.
A. Accept deposits
B. Advance loans
C. Collections of cheques
D. All these
4 The charger of commercial Bank is.
A. Momorandum
B. Articles
C. Prospectus
D. None of these
5 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
6 Evolutionary history of early banks includes.
A. Merechnats
B. Money Lenders
C. Gold smiths
D. All these
7 What type of institution a bank is:
A. Financial
B. Social
C. Religious
D. All of the above
8 Important source of income for Bank.
A. Deposits
B. Current Account
C. Saving account
D. Issued loans
9 Begining of Bank draft by.
A. Kings
B. Money Lenders
C. Merchants
D. Gold smith
10 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange

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