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

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

Question # 2

Who are called the ancestors of modern banks.

Question # 3

How many minimum promoters are required to sign on an application for the registration of commercial bank

Question # 4

American express Bank is an example of.

Question # 5

When was the "Reserve Bank of India" established:

Question # 6

The primary objective of a central bank is to

Question # 7

Money creative bank is

Question # 8

Which bank was formed under the royal order

Question # 9

The banks under special ordinance are formed:

Question # 10

Which method is used for the formation of bank

Question # 11

The document by which the people are invited to buy the shares of bank is called

Question # 12

When was the "Bank of Venice" established:

Question # 13

Who used to tak gold and precfious metal as safe custody.

Question # 14

What kinds of business does a commercial bank do

Question # 15

The detail in the memorandum of bank is recorded :

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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 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
2 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
3 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
4 Second stage of formation of bank is called.
A. Incorporation
B. Commencement
C. Issue of shares
D. Promotion
5 Money creative bank is
A. Central bank
B. Commercial bank
C. Consumer bank
D. Both a and b
6 When was the "Reserve Bank of India" established:
A. 1925
B. 1935
C. 1940
D. 1945
7 Which method is used for the formation of bank
A. Royal order
B. Special ordinance
C. Company's ordinance
D. All of the above
8 Money Lenders usually known as.
A. Sheikh
B. Nawab
C. Seth
D. Debtors
9 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
10 The temples were used as banks in:
A. Italy
B. Rome
C. China
D. Greece

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    Mannal Fatima

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