ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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

Start Chapter 1 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 1 (Beginning and Evolution of Bank)

Sr. # Questions Answers Choice
1 The primary objective of a central bank is to
  • A. Earn profit
  • B. Advance loans to traders
  • C. Safeguard the national interest
  • D. All of the above
2 Due to good Banking system which sector showed Rapid growth.
  • A. Agriculture sector
  • B. Industiral sector
  • C. Banking Sector
  • D. All of these
3 Bank of England and Royal Bank of Scotaland are an examples of.
  • A. Statutory Bank
  • B. Development bank
  • C. Royal Bank
  • D. Non eof these
4 Money Lenders usually known as.
  • A. Sheikh
  • B. Nawab
  • C. Seth
  • D. Debtors
5 The first central bank of indo-Pak
  • A. Bank of Calcutta
  • B. Imperial bank
  • C. Reserve bank of India
  • D. None of the above
6 Bank of England was formed in:
  • A. 1594
  • B. 1694
  • C. 1794
  • D. 1894
7 Whose role is consitered important in the beginning of cheque:
  • A. Three
  • B. Merchants
  • C. Goldsmiths
  • D. Money lenders
8 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
9 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
10 Which one is the Secondary function commercial bank.
  • A. Accept deposits
  • B. Advance loans
  • C. Collections of cheques
  • D. All these

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test

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Abdullah

Lahore12 - Apr - 2025

12/15
06 Mins 53 Sec
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Sheykh Anas

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10/15
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Romi Awan

Lahore30 - Jun - 2025

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Romi Awan

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9/15
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Romi Awan

Lahore20 - Jun - 2025

9/15
06 Mins 21 Sec
Z

Zeeshan Rehman

Lahore19 - May - 2025

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02 Mins 02 Sec
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Lahore15 - May - 2025

8/15
10 Mins 49 Sec

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