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 word Bank has been derived from the German word

Question # 2

Second stage of formation of bank is called.

Question # 3

What type of institution a bank is:

Question # 4

Which document indicates the authority and limitation of bank

Question # 5

Due to good Banking system which sector showed Rapid growth.

Question # 6

Begining of Bank draft by.

Question # 7

Bank of England was established in.

Question # 8

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

Question # 9

Beginning of cheque by.

Question # 10

In these days Banks are formed under companies ordinance.

Question # 11

For selling shares Bank issues

Question # 12

Whose role is consitered important in the beginning of cheque:

Question # 13

Bank of England and Royal Bank of Scotaland are an examples of.

Question # 14

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

Question # 15

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

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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 Second stage of formation of bank is called.
A. Incorporation
B. Commencement
C. Issue of shares
D. Promotion
2 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
3 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
4 When was the "Bank of England" got the monopoly ovwe note issue:
A. 1728
B. 1758
C. 1768
D. 1778
5 Beginning of Bank draft by
A. Kings
B. Money lenders
C. Merchants
D. gold smith
6 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
7 Due to good Banking system which sector showed Rapid growth.
A. Agriculture sector
B. Industiral sector
C. Banking Sector
D. All of these
8 The document by which the people are invited to buy the shares of bank is called
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus of bank
9 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
10 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

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