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

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

Question # 2

The word Bank has been derived from the German word

Question # 3

The charger of commercial Bank is.

Question # 4

Beginning of Bank draft by

Question # 5

Money Lenders usually known as.

Question # 6

"EFT" stands for

Question # 7

Beginning of cheque by.

Question # 8

When was the "Bank of Venice" established:

Question # 9

The main purpose of commercial bank is.

Question # 10

What type of institution a bank is:

Question # 11

The change in the address of abnk should be intimated to registar within:

Question # 12

Commercial bank is factory of creating credit.

Question # 13

Muslims commercial Bank was established on.

Question # 14

Bank of England and Royal Bank of Scotaland are an examples of.

Question # 15

Important source of income for 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 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
2 Money Lenders usually known as.
A. Sheikh
B. Nawab
C. Seth
D. Debtors
3 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013
4 Essentials of successfl banking.
A. Large capital
B. Secured loans
C. Inflation
D. Both of these
5 The first central bank of indo-Pak
A. Bank of Calcutta
B. Imperial bank
C. Reserve bank of India
D. None of the above
6 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
7 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
8 Modern commercial Bank are teh developed form of the Busniess of.
A. Gold Smith
B. Merchants
C. Money Lenders
D. All these
9 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
10 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

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