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 temples were used as banks in:	A. Italy B. Rome C. China D. Greece
2	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
3	Important source of income for Bank.	A. Deposits B. Current Account C. Saving account D. Issued loans
4	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
5	How many minimum promoters are required to sign on an application for the registration of commercial bank	A. Two B. Five C. Seven D. Ten
6	Most of the experts agreed that the word "Bank" has been derived from the word.	A. Banque B. Banco C. Bancus D. Back
7	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
8	Beginning of Bank draft by	A. Kings B. Money lenders C. Merchants D. gold smith
9	Essentials of successfl banking.	A. Large capital B. Secured loans C. Inflation D. Both of these
10	Money Lenders usually known as.	A. Sheikh B. Nawab C. Seth D. Debtors