ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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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12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 1 (Beginning and Evolution of Bank)

Sr. # Questions Answers Choice
1 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
2 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
3 Imperial Bank was established in:
  • A. 1921
  • B. 1925
  • C. 1932
  • D. 1937
4 "EFT" stands for
  • A. Electronic Funds transfer
  • B. Economic financial theory
  • C. Electronic financial techniques
  • D. Effecitve fund telegram
5 Muslims commercial Bank was established on.
  • A. 1947
  • B. 1948
  • C. 1951
  • D. 1949
6 American express Bank is an example of.
  • A. School Bank
  • B. Exchange Bank
  • C. Consortium Bank
  • D. None of these
7 For selling shares Bank issues
  • A. Tickets
  • B. Prospectus
  • C. Certificate
  • D. Tokens
8 In these days Banks are formed under companies ordinance.
  • A. 1962
  • B. 1932
  • C. 1984
  • D. 1013
9 Commercial Bank is a factory of creating credit.
  • A. Crowther
  • B. Gilbert
  • C. Reynold
  • D. H.I.Heart
10 Who was the founder of commercial bank
  • A. Goldsmiths
  • B. Merchants
  • C. Money lenders
  • D. All the above

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