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

MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test"

Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test"

  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

Which one is the primary function of a bank

Question # 2

Which document is attached to the application for the registration of bank

Question # 3

The first central bank of indo-Pak

Question # 4

Temples were used as early banks in.

Question # 5

Which document indicates the authority and limitation of bank

Question # 6

Which document does reveal the internal affairs of a bank

Question # 7

Commercial bank is factory of creating credit.

Question # 8

Beginning of cheque by.

Question # 9

Muslims commercial Bank was established on.

Question # 10

Due to good Banking system which sector showed Rapid growth.

Question # 11

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

Question # 12

Money Lenders usually known as.

Question # 13

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

Question # 14

The charger of commercial Bank is.

Question # 15

"EFT" stands for

Prepare Complete Set Wise Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00

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

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test" MCQ`s Test

  • Z
    Zeeshan Haider 02 - Jul - 2024 00 Min 39 Sec 15/15
  • T
    Teiyr 11 - Nov - 2025 01 Min 41 Sec 15/15
  • O
    Omisha Roy 03 - May - 2024 02 Min 17 Sec 15/15
  • F
    Fatima Raja 16 - Dec - 2024 01 Min 53 Sec 14/15
  • W
    w king 26 - Nov - 2024 02 Min 16 Sec 13/15
  • W
    Waiz Sharif 11 - Jan - 2025 02 Min 08 Sec 12/15
  • T
    Tuba Shahid T 13 - Jul - 2024 02 Min 19 Sec 12/15
  • D
    Domanto Sports 04 - May - 2024 02 Min 32 Sec 11/15
  • R
    Raja Musa Sohail 15 - Apr - 2024 02 Min 33 Sec 11/15
  • M
    Muhammad Waqas Butt 16 - Mar - 2026 02 Min 41 Sec 11/15
  • A
    Aliza Fiaz 29 - Apr - 2026 02 Min 08 Sec 10/15
  • K
    Kainat Mudasar 26 - Apr - 2024 05 Min 34 Sec 10/15
  • S
    sameer abbas 07 - May - 2026 11 Min 18 Sec 10/15
  • E
    Eman Khalid 12 - Mar - 2026 01 Min 52 Sec 9/15
  • A
    Afia Mashood 14 - Apr - 2024 02 Min 20 Sec 9/15

ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Important source of income for Bank.
A. Deposits
B. Current Account
C. Saving account
D. Issued loans
2 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
3 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
4 When was the "Reserve Bank of India" established:
A. 1925
B. 1935
C. 1940
D. 1945
5 The banks under special ordinance are formed:
A. By the president of any bank
B. By the president of world bank
C. By the president of a country
D. All of the above
6 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these
7 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above
8 Who used to tak gold and precfious metal as safe custody.
A. Merchants
B. Kings
C. Money Lenders
D. Gold Smiths
9 Bank of England was established in.
A. 1494
B. 1694
C. 1920
D. 1668
10 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

Test Questions

Is this page helpful?

Share your comments & questions here

Guest
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply
  • Mannal Fatima

    Mannal Fatima

    24 Jan 2026

    Lahore

    Like
    Reply