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	Who are called the ancestors of modern banks.	A. Merchant B. Money Lenders C. Gold Smiths D. All of these
2	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
3	Which document does reveal the internal affairs of a bank	A. Memorandum of bank B. Articles of bank C. Certificate of incorporation D. Prospectus
4	List of Directors is required at the stage of.	A. Registration B. Incorporation C. Promotion D. Commencement
5	Which document indicates the authority and limitation of bank	A. Memorandum B. Articles C. Certificate of incorporation D. Prospectus
6	Beginning of cheque by.	A. Gold smiths B. Merchants C. Kings D. Money lenders.
7	Bank of England was established in.	A. 1494 B. 1694 C. 1920 D. 1668
8	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
9	Memorandum includes	A. 05 Clasuses B. 06 Clauses C. 10 Clauses D. 12 Clauses
10	Which one is the Secondary function commercial bank.	A. Accept deposits B. Advance loans C. Collections of cheques D. All these