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

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

Question # 2

Beginning of Bank draft by

Question # 3

List of Directors is required at the stage of.

Question # 4

The temples were used as banks in:

Question # 5

Due to good Banking system which sector showed Rapid growth.

Question # 6

The change in the address of abnk should be intimated to registar within:

Question # 7

"EFT" stands for

Question # 8

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

Question # 9

Beginning of cheque by.

Question # 10

The word Bank has been derived from the German word

Question # 11

Which method is used for the formation of bank

Question # 12

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

Question # 13

When was the "Reserve Bank of India" established:

Question # 14

According to registration , bank is divided into followings categories:

Question # 15

What kinds of business does a commercial bank do

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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 Commercial Bank is a factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I.Heart
2 Due to good Banking system which sector showed Rapid growth.
A. Agriculture sector
B. Industiral sector
C. Banking Sector
D. All of these
3 For selling shares Bank issues
A. Tickets
B. Prospectus
C. Certificate
D. Tokens
4 Most of the experts agreed that the word "Bank" has been derived from the word.
A. Banque
B. Banco
C. Bancus
D. Back
5 According to registration , bank is divided into followings categories:
A. Home and foreign bank
B. Central and commercial bank
C. Scheduled and non-scheduled bank
D. All of the above
6 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
7 List of Directors is required at the stage of.
A. Registration
B. Incorporation
C. Promotion
D. Commencement
8 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
9 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013
10 Which of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank

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