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

In these days Banks are formed under companies ordinance.

Question # 2

Temples were used as early banks in.

Question # 3

Which document indicates the authority and limitation of bank

Question # 4

Important source of income for Bank.

Question # 5

Imperial Bank was established in:

Question # 6

Evolutionary history of early banks includes.

Question # 7

American express Bank is an example of.

Question # 8

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

Question # 9

Beginning of Bank draft by

Question # 10

Money creative bank is

Question # 11

What kinds of business does a commercial bank do

Question # 12

The change in the address of abnk should be intimated to registar within:

Question # 13

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

Question # 14

"EFT" stands for

Question # 15

For selling shares Bank issues

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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 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these
2 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
3 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
4 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
5 How many minimum promoters are required to sign on an application for the registration of commercial bank
A. Two
B. Five
C. Seven
D. Ten
6 Beginning of cheque by.
A. Gold smiths
B. Merchants
C. Kings
D. Money lenders.
7 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
8 According to Sir John Paget, a bank is an institution which :
A. Accepts the deposits of general public
B. Honours the cheques
C. Advances loan
D. All of the above
9 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
10 Manage the internal affairs of Bank.
A. Prospectus
B. Memorandum
C. Articles
D. All of these

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