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 was the founder of commercial bank	A. Goldsmiths B. Merchants C. Money lenders D. All the above
2	Who used to tak gold and precfious metal as safe custody.	A. Merchants B. Kings C. Money Lenders D. Gold Smiths
3	Money Lenders usually known as.	A. Sheikh B. Nawab C. Seth D. Debtors
4	Who started the use of bank draft:	A. Kings B. Merchants C. Money lenders D. Goldsmiths
5	How many minimum promoters are required to sign on an application for the registration of commercial bank	A. Two B. Five C. Seven D. Ten
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	When was the "Reserve Bank of India" established:	A. 1925 B. 1935 C. 1940 D. 1945
8	The first central bank of indo-Pak	A. Bank of Calcutta B. Imperial bank C. Reserve bank of India D. None of the above
9	Which one is the primary function of a bank	A. Accepting deposits B. Advancing loans C. Both these D. None of these
10	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above