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	Which document does reveal the internal affairs of a bank	A. Memorandum of bank B. Articles of bank C. Certificate of incorporation D. Prospectus
2	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
3	The word Bank has been derived from the German word	A. Back B. Bancus C. Banco D. None of the above
4	Beginning of Bank draft by	A. Kings B. Money lenders C. Merchants D. gold smith
5	bank is the developed form of	A. The business of moneylenders B. The business of merchants C. The business of goldsmiths D. None of the above
6	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
7	Which document indicates the authority and limitation of bank	A. Memorandum B. Articles C. Certificate of incorporation D. Prospectus
8	When was the "Reserve Bank of India" established:	A. 1925 B. 1935 C. 1940 D. 1945
9	Muslims commercial Bank was established on.	A. 1947 B. 1948 C. 1951 D. 1949
10	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these