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	The main purpose of commercial bank is.	A. Walfare B. Issue notes C. Earn Profits D. All these
2	When was the "Bank of England" got the monopoly ovwe note issue:	A. 1728 B. 1758 C. 1768 D. 1778
3	When was the "Bank of Venice" established:	A. 1127 B. 1147 C. 1157 D. 1187
4	In these days Banks are formed under companies ordinance.	A. 1962 B. 1932 C. 1984 D. 1013
5	The word Bank has been derived from the German word	A. Back B. Bancus C. Banco D. None of the above
6	Muslims commercial Bank was established on.	A. 1947 B. 1948 C. 1951 D. 1949
7	Important source of income for Bank.	A. Deposits B. Current Account C. Saving account D. Issued loans
8	Which one is the Secondary function commercial bank.	A. Accept deposits B. Advance loans C. Collections of cheques D. All these
9	Beginning of Bank draft by	A. Kings B. Money lenders C. Merchants D. gold smith
10	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion