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

Which of the following banks accepts deposits and advances loans

Question # 2

Who started the use of bank draft:

Question # 3

The detail in the memorandum of bank is recorded :

Question # 4

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

Question # 5

Begining of Bank draft by.

Question # 6

Which method is used for the formation of bank

Question # 7

Essentials of successfl banking.

Question # 8

Evolutionary history of early banks includes.

Question # 9

bank is the developed form of

Question # 10

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

Question # 11

For Transactions the merchants used to issue.

Question # 12

Most of the experts agreed that the word "Bank" has been derived from the word.

Question # 13

The charger of commercial Bank is.

Question # 14

When was the "Bank of England" got the monopoly ovwe note issue:

Question # 15

Temples were used as early banks in.

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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 of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank
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 What type of institution a bank is:
A. Financial
B. Social
C. Religious
D. All of the above
4 Example of consortium Bank.
A. SBP
B. Orion Bank
C. MCB
D. NBP
5 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
6 The main purpose of commercial bank is.
A. Walfare
B. Issue notes
C. Earn Profits
D. All these
7 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
8 The primary objective of a central bank is to
A. Earn profit
B. Advance loans to traders
C. Safeguard the national interest
D. All of the above
9 Commercial Bank is a factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I.Heart
10 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above

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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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