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

The temples were used as banks in:

Question # 2

Which bank was formed under the royal order

Question # 3

Most of the experts agreed that the word "Bank" has been derived from the word.

Question # 4

In these days Banks are formed under companies ordinance.

Question # 5

Commercial bank is factory of creating credit.

Question # 6

For selling shares Bank issues

Question # 7

Bank of England was formed in:

Question # 8

American express Bank is an example of.

Question # 9

Due to good Banking system which sector showed Rapid growth.

Question # 10

Which document does reveal the internal affairs of a bank

Question # 11

What kinds of business does a commercial bank do

Question # 12

Temples were used as early banks in.

Question # 13

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

Question # 14

Money Lenders usually known as.

Question # 15

Who started the use of bank draft:

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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 Due to good Banking system which sector showed Rapid growth.
A. Agriculture sector
B. Industiral sector
C. Banking Sector
D. All of these
2 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
3 Which document is attached to the application for the registration of bank
A. Memorandum of bank
B. Articles of bank
C. Prospectus
D. All the above
4 Memorandum includes
A. 05 Clasuses
B. 06 Clauses
C. 10 Clauses
D. 12 Clauses
5 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
6 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
7 Beginning of cheque by.
A. Gold smiths
B. Merchants
C. Kings
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 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
10 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

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