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	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
2	Which document does reveal the internal affairs of a bank	A. Memorandum of bank B. Articles of bank C. Certificate of incorporation D. Prospectus
3	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
4	Money Lenders usually known as.	A. Sheikh B. Nawab C. Seth D. Debtors
5	Who used to tak gold and precfious metal as safe custody.	A. Merchants B. Kings C. Money Lenders D. Gold Smiths
6	Due to good Banking system which sector showed Rapid growth.	A. Agriculture sector B. Industiral sector C. Banking Sector D. All of these
7	The main purpose of commercial bank is.	A. Walfare B. Issue notes C. Earn Profits D. All these
8	The temples were used as banks in:	A. Italy B. Rome C. China D. Greece
9	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
10	When was the "Reserve Bank of India" established:	A. 1925 B. 1935 C. 1940 D. 1945