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

Commercial Bank is a factory of creating credit.

Question # 2

Which method is used for the formation of bank

Question # 3

Example of consortium Bank.

Question # 4

Who was the founder of commercial bank

Question # 5

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

Question # 6

Commercial bank is factory of creating credit.

Question # 7

In these days Banks are formed under companies ordinance.

Question # 8

Essentials of successfl banking.

Question # 9

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

Question # 10

The first central bank of indo-Pak

Question # 11

Important source of income for Bank.

Question # 12

American express Bank is an example of.

Question # 13

What type of institution a bank is:

Question # 14

The detail in the memorandum of bank is recorded :

Question # 15

For selling shares Bank issues

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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 detail in the memorandum of bank is recorded :
A. In one paragraph
B. In seperate paragraphs
C. On one page
D. All of the above
2 Temples were used as early banks in.
A. Italy
B. Room
C. Greece
D. Iraq
3 When was the "Reserve Bank of India" established:
A. 1925
B. 1935
C. 1940
D. 1945
4 Second stage of formation of bank is called.
A. Incorporation
B. Commencement
C. Issue of shares
D. Promotion
5 Commercial Bank is a factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I.Heart
6 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
7 Whose role is consitered important in the beginning of cheque:
A. Three
B. Merchants
C. Goldsmiths
D. Money lenders
8 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
9 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
10 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these

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