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

List of Directors is required at the stage of.

Question # 2

Second stage of formation of bank is called.

Question # 3

According to registration , bank is divided into followings categories:

Question # 4

Which method is used for the formation of bank

Question # 5

Imperial Bank was established in:

Question # 6

Commercial Bank is a factory of creating credit.

Question # 7

Important source of income for Bank.

Question # 8

Which one is the Secondary function commercial bank.

Question # 9

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

Question # 10

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

Question # 11

Beginning of Bank draft by

Question # 12

Which document does reveal the internal affairs of a bank

Question # 13

The charger of commercial Bank is.

Question # 14

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

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 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these
2 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
3 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
4 Which one is the primary function of a bank
A. Accepting deposits
B. Advancing loans
C. Both these
D. None of these
5 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
6 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013
7 Important source of income for Bank.
A. Deposits
B. Current Account
C. Saving account
D. Issued loans
8 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
9 According to registration , bank is divided into followings categories:
A. Home and foreign bank
B. Central and commercial bank
C. Scheduled and non-scheduled bank
D. All of the above
10 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above

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