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

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

Question # 2

The detail in the memorandum of bank is recorded :

Question # 3

Which of the following banks accepts deposits and advances loans

Question # 4

For selling shares Bank issues

Question # 5

Who used to tak gold and precfious metal as safe custody.

Question # 6

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

Question # 7

Which one is the Secondary function commercial bank.

Question # 8

The temples were used as banks in:

Question # 9

Bank of England was formed in:

Question # 10

Which document indicates the authority and limitation of bank

Question # 11

bank is the developed form of

Question # 12

What type of institution a bank is:

Question # 13

The document by which the people are invited to buy the shares of bank is called

Question # 14

Commercial bank is factory of creating credit.

Question # 15

The charger 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 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
2 Temples were used as early banks in.
A. Italy
B. Room
C. Greece
D. Iraq
3 Which document is attached to the application for the registration of bank
A. Memorandum of bank
B. Articles of bank
C. Prospectus
D. All the above
4 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
5 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
6 In these days Banks are formed under companies ordinance.
A. 1962
B. 1932
C. 1984
D. 1013
7 Which one is the primary function of a bank
A. Accepting deposits
B. Advancing loans
C. Both these
D. None of these
8 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange
9 List of Directors is required at the stage of.
A. Registration
B. Incorporation
C. Promotion
D. Commencement
10 Money creative bank is
A. Central bank
B. Commercial bank
C. Consumer bank
D. Both a and b

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