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	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
2	Essentials of successfl banking.	A. Large capital B. Secured loans C. Inflation D. Both of these
3	Modern commercial Bank are teh developed form of the Busniess of.	A. Gold Smith B. Merchants C. Money Lenders D. All these
4	When was the "Bank of Venice" established:	A. 1127 B. 1147 C. 1157 D. 1187
5	List of Directors is required at the stage of.	A. Registration B. Incorporation C. Promotion D. Commencement
6	American express Bank is an example of.	A. School Bank B. Exchange Bank C. Consortium Bank D. None of these
7	Which one is the Secondary function commercial bank.	A. Accept deposits B. Advance loans C. Collections of cheques D. All these
8	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
9	Whose role is consitered important in the beginning of cheque:	A. Three B. Merchants C. Goldsmiths D. Money lenders
10	Bank of England was formed in:	A. 1594 B. 1694 C. 1794 D. 1894