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

List of Directors is required at the stage of.

Question # 2

When was the "Bank of England" got the monopoly ovwe note issue:

Question # 3

Important source of income for Bank.

Question # 4

According to Sir John Paget, a bank is an institution which :

Question # 5

Which document indicates the authority and limitation of bank

Question # 6

Essentials of successfl banking.

Question # 7

The change in the address of abnk should be intimated to registar within:

Question # 8

What kinds of business does a commercial bank do

Question # 9

Which document does reveal the internal affairs of a bank

Question # 10

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

Question # 11

Temples were used as early banks in.

Question # 12

Beginning of Bank draft by

Question # 13

Imperial Bank was established in:

Question # 14

American express Bank is an example of.

Question # 15

The main purpose of commercial bank is.

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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 Who used to tak gold and precfious metal as safe custody.
A. Merchants
B. Kings
C. Money Lenders
D. Gold Smiths
2 Beginning of Bank draft by
A. Kings
B. Money lenders
C. Merchants
D. gold smith
3 For selling shares Bank issues
A. Tickets
B. Prospectus
C. Certificate
D. Tokens
4 Imperial Bank was established in:
A. 1921
B. 1925
C. 1932
D. 1937
5 Bank of England was established in.
A. 1494
B. 1694
C. 1920
D. 1668
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 What kinds of business does a commercial bank do
A. Accepts deposits and advances loans
B. Issues currency notes
C. Re-discounts the bills of exchange
D. All the above
8 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
9 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
10 Example of consortium Bank.
A. SBP
B. Orion Bank
C. MCB
D. NBP

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    Mannal Fatima

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