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 one is the Secondary function commercial bank.	A. Accept deposits B. Advance loans C. Collections of cheques D. All these
2	Who used to tak gold and precfious metal as safe custody.	A. Merchants B. Kings C. Money Lenders D. Gold Smiths
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	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
5	Muslims commercial Bank was established on.	A. 1947 B. 1948 C. 1951 D. 1949
6	Money creative bank is	A. Central bank B. Commercial bank C. Consumer bank D. Both a and b
7	The detail in the memorandum of bank is recorded :	A. In one paragraph B. In seperate paragraphs C. On one page D. All of the above
8	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
9	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
10	^{The charger of commercial Bank is.}	A. Momorandum B. Articles C. Prospectus D. None of these