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	Who are called the ancestors of modern banks.	A. Merchant B. Money Lenders C. Gold Smiths D. All of these
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	Money Lenders usually known as.	A. Sheikh B. Nawab C. Seth D. Debtors
4	Bank of England was established in.	A. 1494 B. 1694 C. 1920 D. 1668
5	Money creative bank is	A. Central bank B. Commercial bank C. Consumer bank D. Both a and b
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	List of Directors is required at the stage of.	A. Registration B. Incorporation C. Promotion D. Commencement
8	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
9	Bank of England and Royal Bank of Scotaland are an examples of.	A. Statutory Bank B. Development bank C. Royal Bank D. Non eof these
10	For selling shares Bank issues	A. Tickets B. Prospectus C. Certificate D. Tokens