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	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
2	Who are called the ancestors of modern banks.	A. Merchant B. Money Lenders C. Gold Smiths D. All of these
3	The first central bank of indo-Pak	A. Bank of Calcutta B. Imperial bank C. Reserve bank of India D. None of the above
4	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above
5	The detail in the memorandum of bank is recorded :	A. In one paragraph B. In seperate paragraphs C. On one page D. All of the above
6	Temples were used as early banks in.	A. Italy B. Room C. Greece D. Iraq
7	The temples were used as banks in:	A. Italy B. Rome C. China D. Greece
8	"EFT" stands for	A. Electronic Funds transfer B. Economic financial theory C. Electronic financial techniques D. Effecitve fund telegram
9	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
10	Important source of income for Bank.	A. Deposits B. Current Account C. Saving account D. Issued loans