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	"EFT" stands for	A. Electronic Funds transfer B. Economic financial theory C. Electronic financial techniques D. Effecitve fund telegram
2	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
3	Who was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
4	Bank of England was formed in:	A. 1594 B. 1694 C. 1794 D. 1894
5	Which one is the Secondary function commercial bank.	A. Accept deposits B. Advance loans C. Collections of cheques D. All these
6	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above
7	When was the "Bank of Venice" established:	A. 1127 B. 1147 C. 1157 D. 1187
8	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion
9	Commercial bank is factory of creating credit.	A. Crowther B. Gilbert C. Reynold D. H.I .Heart
10	When was the "Reserve Bank of India" established:	A. 1925 B. 1935 C. 1940 D. 1945