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 "Reserve Bank of India" established:

Question # 2

Bank of England was formed in:

Question # 3

List of Directors is required at the stage of.

Question # 4

Which document indicates the authority and limitation of bank

Question # 5

Which document is attached to the application for the registration of bank

Question # 6

Imperial Bank was established in:

Question # 7

Bank of England was established in.

Question # 8

Who are called the ancestors of modern banks.

Question # 9

Muslims commercial Bank was established on.

Question # 10

Money creative bank is

Question # 11

The first central bank of indo-Pak

Question # 12

The banks under special ordinance are formed:

Question # 13

"EFT" stands for

Question # 14

The primary objective of a central bank is to

Question # 15

Second stage of formation of bank is called.

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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 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
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 What type of institution a bank is:
A. Financial
B. Social
C. Religious
D. All of the above
4 Money Lenders usually known as.
A. Sheikh
B. Nawab
C. Seth
D. Debtors
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 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
7 Which bank was formed under the royal order
A. Bank of Venice
B. State Bank of Pakistan
C. Bank of Barsolona
D. Chartered bank of England
8 When was the "Bank of England" got the monopoly ovwe note issue:
A. 1728
B. 1758
C. 1768
D. 1778
9 Money creative bank is
A. Central bank
B. Commercial bank
C. Consumer bank
D. Both a and b
10 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013

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