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	If a bank is unable to submit prospectus at the time of registration, then it has to submit:	A. Statement in lieu of prospectus B. Certificate of incorpoartion C. Certificate of commencement D. None of the above
2	When was the "Bank of England" got the monopoly ovwe note issue:	A. 1728 B. 1758 C. 1768 D. 1778
3	Memorandum includes	A. 05 Clasuses B. 06 Clauses C. 10 Clauses D. 12 Clauses
4	List of Directors is required at the stage of.	A. Registration B. Incorporation C. Promotion D. Commencement
5	Manage the internal affairs of Bank.	A. Prospectus B. Memorandum C. Articles D. All of these
6	Who are called the ancestors of modern banks.	A. Merchant B. Money Lenders C. Gold Smiths D. All of these
7	Commercial Bank is a factory of creating credit.	A. Crowther B. Gilbert C. Reynold D. H.I.Heart
8	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion
9	When was the "Reserve Bank of India" established:	A. 1925 B. 1935 C. 1940 D. 1945
10	The temples were used as banks in:	A. Italy B. Rome C. China D. Greece