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	Temples were used as early banks in.	A. Italy B. Room C. Greece D. Iraq
2	Muslims commercial Bank was established on.	A. 1947 B. 1948 C. 1951 D. 1949
3	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
4	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
5	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
6	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
7	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
8	Money creative bank is	A. Central bank B. Commercial bank C. Consumer bank D. Both a and b
9	The first central bank of indo-Pak	A. Bank of Calcutta B. Imperial bank C. Reserve bank of India D. None of the above
10	Beginning of Bank draft by	A. Kings B. Money lenders C. Merchants D. gold smith