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 document does reveal the internal affairs of a bank

Question # 2

Who are called the ancestors of modern banks.

Question # 3

Most of the experts agreed that the word "Bank" has been derived from the word.

Question # 4

Who started the use of bank draft:

Question # 5

Who used to tak gold and precfious metal as safe custody.

Question # 6

Beginning of Bank draft by

Question # 7

Memorandum includes

Question # 8

Bank of England and Royal Bank of Scotaland are an examples of.

Question # 9

Essentials of successfl banking.

Question # 10

What type of institution a bank is:

Question # 11

Begining of Bank draft by.

Question # 12

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

Question # 13

Example of consortium Bank.

Question # 14

Which of the following banks accepts deposits and advances loans

Question # 15

Due to good Banking system which sector showed Rapid growth.

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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 Essentials of successfl banking.
A. Large capital
B. Secured loans
C. Inflation
D. Both of these
2 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
3 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange
4 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
5 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
6 Beginning of Bank draft by
A. Kings
B. Money lenders
C. Merchants
D. gold smith
7 Which method is used for the formation of bank
A. Royal order
B. Special ordinance
C. Company's ordinance
D. All of the above
8 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above
9 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
10 Temples were used as early banks in.
A. Italy
B. Room
C. Greece
D. Iraq

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