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

Beginning of Bank draft by

Question # 2

Commercial Bank is a factory of creating credit.

Question # 3

Bank of England was established in.

Question # 4

The charger of commercial Bank is.

Question # 5

The primary objective of a central bank is to

Question # 6

Money Lenders usually known as.

Question # 7

Who are called the ancestors of modern banks.

Question # 8

Who started the use of bank draft:

Question # 9

Memorandum includes

Question # 10

The detail in the memorandum of bank is recorded :

Question # 11

Which method is used for the formation of bank

Question # 12

Which document does reveal the internal affairs of a bank

Question # 13

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

Question # 14

Which one is the primary function of a bank

Question # 15

How many minimum promoters are required to sign on an application for the registration of commercial 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 For selling shares Bank issues
A. Tickets
B. Prospectus
C. Certificate
D. Tokens
2 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
3 Essentials of successfl banking.
A. Large capital
B. Secured loans
C. Inflation
D. Both of these
4 Temples were used as early banks in.
A. Italy
B. Room
C. Greece
D. Iraq
5 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
6 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
7 Which one is the Secondary function commercial bank.
A. Accept deposits
B. Advance loans
C. Collections of cheques
D. All these
8 The banks under special ordinance are formed:
A. By the president of any bank
B. By the president of world bank
C. By the president of a country
D. All of the above
9 Which of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank
10 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these

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    Mannal Fatima

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