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	For Transactions the merchants used to issue.	A. Passport B. Promissory note C. Ideintty card D. Bil lof exchange
2	Beginning of Bank draft by	A. Kings B. Money lenders C. Merchants D. gold smith
3	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above
4	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
5	Whose role is consitered important in the beginning of cheque:	A. Three B. Merchants C. Goldsmiths D. Money lenders
6	The document by which the people are invited to buy the shares of bank is called	A. Memorandum of bank B. Articles of bank C. Certificate of incorporation D. Prospectus of bank
7	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
8	Who was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
9	The main purpose of commercial bank is.	A. Walfare B. Issue notes C. Earn Profits D. All these
10	Bank of England was established in.	A. 1494 B. 1694 C. 1920 D. 1668