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

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

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

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Question # 1

In these days Banks are formed under companies ordinance.

Question # 2

Which document does reveal the internal affairs of a bank

Question # 3

Most of the experts agreed that the word "Bank" has been derived from the word.

Question # 4

The main purpose of commercial bank is.

Question # 5

Who was the founder of commercial bank

Question # 6

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

Question # 7

American express Bank is an example of.

Question # 8

What kinds of business does a commercial bank do

Question # 9

The change in the address of abnk should be intimated to registar within:

Question # 10

When was the "Bank of England" got the monopoly ovwe note issue:

Question # 11

According to registration , bank is divided into followings categories:

Question # 12

Which document indicates the authority and limitation of bank

Question # 13

Modern commercial Bank are teh developed form of the Busniess of.

Question # 14

The charger of commercial Bank is.

Question # 15

Commercial Bank is a factory of creating credit.

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

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

Sr.# Question Answer
1 Bank of England was formed in:
A. 1594
B. 1694
C. 1794
D. 1894
2 For Transactions the merchants used to issue.
A. Passport
B. Promissory note
C. Ideintty card
D. Bil lof exchange
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 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
5 Beginning of cheque by.
A. Gold smiths
B. Merchants
C. Kings
D. Money lenders.
6 According to registration , bank is divided into followings categories:
A. Home and foreign bank
B. Central and commercial bank
C. Scheduled and non-scheduled bank
D. All of the above
7 Commercial bank is factory of creating credit.
A. Crowther
B. Gilbert
C. Reynold
D. H.I .Heart
8 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
9 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
10 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above

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