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	Who started the use of bank draft:	A. Kings B. Merchants C. Money lenders D. Goldsmiths
2	Which of the following banks accepts deposits and advances loans	A. Cooperative bank B. Mortgage bank C. Commercial bank D. Central bank
3	Who used to tak gold and precfious metal as safe custody.	A. Merchants B. Kings C. Money Lenders D. Gold Smiths
4	Muslims commercial Bank was established on.	A. 1947 B. 1948 C. 1951 D. 1949
5	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
6	What type of institution a bank is:	A. Financial B. Social C. Religious D. All of the above
7	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
8	The banks under special ordinance are formed:	A. By the president of any bank B. By the president of world bank C. By the president of a country D. All of the above
9	The temples were used as banks in:	A. Italy B. Rome C. China D. Greece
10	How many minimum promoters are required to sign on an application for the registration of commercial bank	A. Two B. Five C. Seven D. Ten