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	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
2	American express Bank is an example of.	A. School Bank B. Exchange Bank C. Consortium Bank D. None of these
3	For selling shares Bank issues	A. Tickets B. Prospectus C. Certificate D. Tokens
4	The temples were used as banks in:	A. Italy B. Rome C. China D. Greece
5	"EFT" stands for	A. Electronic Funds transfer B. Economic financial theory C. Electronic financial techniques D. Effecitve fund telegram
6	What kinds of business does a commercial bank do	A. Accepts deposits and advances loans B. Issues currency notes C. Re-discounts the bills of exchange D. All the above
7	When was the "Bank of England" got the monopoly ovwe note issue:	A. 1728 B. 1758 C. 1768 D. 1778
8	Beginning of cheque by.	A. Gold smiths B. Merchants C. Kings D. Money lenders.
9	Whose role is consitered important in the beginning of cheque:	A. Three B. Merchants C. Goldsmiths D. Money lenders
10	According to registration , bank is divided into followings categories:	A. Home and foreign bank B. Central and commercial bank C. Scheduled and non-scheduled bank D. All of the above