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	Imperial Bank was established in:	A. 1921 B. 1925 C. 1932 D. 1937
2	Who was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
3	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
4	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion
5	List of Directors is required at the stage of.	A. Registration B. Incorporation C. Promotion D. Commencement
6	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
7	Beginning of cheque by.	A. Gold smiths B. Merchants C. Kings D. Money lenders.
8	Which of the following banks accepts deposits and advances loans	A. Cooperative bank B. Mortgage bank C. Commercial bank D. Central bank
9	Money creative bank is	A. Central bank B. Commercial bank C. Consumer bank D. Both a and b
10	Which document indicates the authority and limitation of bank	A. Memorandum B. Articles C. Certificate of incorporation D. Prospectus