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

Due to good Banking system which sector showed Rapid growth.

Question # 2

Commercial Bank is a factory of creating credit.

Question # 3

According to registration , bank is divided into followings categories:

Question # 4

bank is the developed form of

Question # 5

Manage the internal affairs of Bank.

Question # 6

Who are called the ancestors of modern banks.

Question # 7

When was the "Bank of Venice" established:

Question # 8

Modern commercial Bank are teh developed form of the Busniess of.

Question # 9

Which of the following banks accepts deposits and advances loans

Question # 10

Which one is the Secondary function commercial bank.

Question # 11

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

Question # 12

According to Sir John Paget, a bank is an institution which :

Question # 13

Money Lenders usually known as.

Question # 14

The main purpose of commercial bank is.

Question # 15

Who was the founder of commercial 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 first central bank of indo-Pak
A. Bank of Calcutta
B. Imperial bank
C. Reserve bank of India
D. None of the above
2 List of Directors is required at the stage of.
A. Registration
B. Incorporation
C. Promotion
D. Commencement
3 Due to good Banking system which sector showed Rapid growth.
A. Agriculture sector
B. Industiral sector
C. Banking Sector
D. All of these
4 Most of the experts agreed that the word "Bank" has been derived from the word.
A. Banque
B. Banco
C. Bancus
D. Back
5 What type of institution a bank is:
A. Financial
B. Social
C. Religious
D. All of the above
6 Important source of income for Bank.
A. Deposits
B. Current Account
C. Saving account
D. Issued loans
7 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
8 Which bank was formed under the royal order
A. Bank of Venice
B. State Bank of Pakistan
C. Bank of Barsolona
D. Chartered bank of England
9 Which document is attached to the application for the registration of bank
A. Memorandum of bank
B. Articles of bank
C. Prospectus
D. All the above
10 Who used to tak gold and precfious metal as safe custody.
A. Merchants
B. Kings
C. Money Lenders
D. Gold Smiths

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