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	Manage the internal affairs of Bank.	A. Prospectus B. Memorandum C. Articles D. All of these
2	Which document is attached to the application for the registration of bank	A. Memorandum of bank B. Articles of bank C. Prospectus D. All the above
3	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion
4	The word Bank has been derived from the German word	A. Back B. Bancus C. Banco D. None of the above
5	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above
6	Bank of England and Royal Bank of Scotaland are an examples of.	A. Statutory Bank B. Development bank C. Royal Bank D. Non eof these
7	Modern commercial Bank are teh developed form of the Busniess of.	A. Gold Smith B. Merchants C. Money Lenders D. All these
8	For selling shares Bank issues	A. Tickets B. Prospectus C. Certificate D. Tokens
9	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
10	Whose role is consitered important in the beginning of cheque:	A. Three B. Merchants C. Goldsmiths D. Money lenders