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

Commercial bank is factory of creating credit.

Question # 2

Which bank was formed under the royal order

Question # 3

The word Bank has been derived from the German word

Question # 4

What kinds of business does a commercial bank do

Question # 5

Which document indicates the authority and limitation of bank

Question # 6

Manage the internal affairs of Bank.

Question # 7

According to Sir John Paget, a bank is an institution which :

Question # 8

Example of consortium Bank.

Question # 9

Beginning of Bank draft by

Question # 10

"EFT" stands for

Question # 11

Who started the use of bank draft:

Question # 12

When was the "Bank of England" got the monopoly ovwe note issue:

Question # 13

When was the "Reserve Bank of India" established:

Question # 14

Muslims commercial Bank was established on.

Question # 15

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

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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 Bank of England was formed in:
A. 1594
B. 1694
C. 1794
D. 1894
2 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
3 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
4 Which method is used for the formation of bank
A. Royal order
B. Special ordinance
C. Company's ordinance
D. All of the above
5 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
6 Whose role is consitered important in the beginning of cheque:
A. Three
B. Merchants
C. Goldsmiths
D. Money lenders
7 The change in the address of abnk should be intimated to registar within:
A. Eight days
B. Ten days
C. Eighteen days
D. Twenty eight days
8 Commercial Bank is a factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I.Heart
9 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
10 Begining of Bank draft by.
A. Kings
B. Money Lenders
C. Merchants
D. Gold smith

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