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	What kinds of business does a commercial bank do	A. Accepts deposits and advances loans B. Issues currency notes C. Re-discounts the bills of exchange D. All the above
2	The first central bank of indo-Pak	A. Bank of Calcutta B. Imperial bank C. Reserve bank of India D. None of the above
3	When was the "Bank of Venice" established:	A. 1127 B. 1147 C. 1157 D. 1187
4	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
5	bank is the developed form of	A. The business of moneylenders B. The business of merchants C. The business of goldsmiths D. None of the above
6	The document by which the people are invited to buy the shares of bank is called	A. Memorandum of bank B. Articles of bank C. Certificate of incorporation D. Prospectus of bank
7	Example of consortium Bank.	A. SBP B. Orion Bank C. MCB D. NBP
8	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
9	Who was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
10	Manage the internal affairs of Bank.	A. Prospectus B. Memorandum C. Articles D. All of these