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 Which method is used for the formation of bank
  • A. Royal order
  • B. Special ordinance
  • C. Company's ordinance
  • D. All of the above
2 What type of institution a bank is:
  • A. Financial
  • B. Social
  • C. Religious
  • D. All of the above
3 <sup>The charger of commercial Bank is.</sup>
  • A. Momorandum
  • B. Articles
  • C. Prospectus
  • D. None of these
4 Important source of income for Bank.
  • A. Deposits
  • B. Current Account
  • C. Saving account
  • D. Issued loans
5 Which bank was formed under the royal order
  • A. Bank of Venice
  • B. State Bank of Pakistan
  • C. Bank of Barsolona
  • D. Chartered bank of England
6 Which one is the Secondary function commercial bank.
  • A. Accept deposits
  • B. Advance loans
  • C. Collections of cheques
  • D. All these
7 The main purpose of commercial bank is.
  • A. Walfare
  • B. Issue notes
  • C. Earn Profits
  • D. All these
8 Which document indicates the authority and limitation of bank
  • A. Memorandum
  • B. Articles
  • C. Certificate of incorporation
  • D. Prospectus
9 Due to good Banking system which sector showed Rapid growth.
  • A. Agriculture sector
  • B. Industiral sector
  • C. Banking Sector
  • D. All of these
10 Beginning of cheque by.
  • A. Gold smiths
  • B. Merchants
  • C. Kings
  • D. Money lenders.

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