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

The detail in the memorandum of bank is recorded :

Question # 2

Temples were used as early banks in.

Question # 3

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

Question # 4

Modern commercial Bank are teh developed form of the Busniess of.

Question # 5

Important source of income for Bank.

Question # 6

The word Bank has been derived from the German word

Question # 7

The charger of commercial Bank is.

Question # 8

Bank of England was formed in:

Question # 9

Evolutionary history of early banks includes.

Question # 10

Which document is attached to the application for the registration of bank

Question # 11

Example of consortium Bank.

Question # 12

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

Question # 13

Who started the use of bank draft:

Question # 14

Begining of Bank draft by.

Question # 15

Memorandum includes

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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 Which one is the Secondary function commercial bank.
A. Accept deposits
B. Advance loans
C. Collections of cheques
D. All these
2 Begining of Bank draft by.
A. Kings
B. Money Lenders
C. Merchants
D. Gold smith
3 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
4 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
5 Modern commercial Bank are teh developed form of the Busniess of.
A. Gold Smith
B. Merchants
C. Money Lenders
D. All these
6 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
7 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
8 Bank of England was established in.
A. 1494
B. 1694
C. 1920
D. 1668
9 Which of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank
10 The charger of commercial Bank is.
A. Momorandum
B. Articles
C. Prospectus
D. None of these

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    Mannal Fatima

    24 Jan 2026

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    Mannal Fatima

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    Mannal Fatima

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    Mannal Fatima

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    Lahore

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