12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 1 (Beginning and Evolution of Bank)

ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test

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Question # 1

Second stage of formation of bank is called.

Question # 2

How many minimum promoters are required to sign on an application for the registration of commercial bank

Question # 3

The banks under special ordinance are formed:

Question # 4

"EFT" stands for

Question # 5

Which one is the Secondary function commercial bank.

Question # 6

Which document indicates the authority and limitation of bank

Question # 7

Bank of England and Royal Bank of Scotaland are an examples of.

Question # 8

Beginning of cheque by.

Question # 9

Money Lenders usually known as.

Question # 10

The primary objective of a central bank is to

Question # 11

Imperial Bank was established in:

Question # 12

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

Question # 13

Manage the internal affairs of Bank.

Question # 14

Which document does reveal the internal affairs of a bank

Question # 15

Most of the experts agreed that the word "Bank" has been derived from the word.

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ICOM Part 2 English Medium Principles of Banking Chapter 1 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
2 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
3 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
4 bank is the developed form of
A. The business of moneylenders
B. The business of merchants
C. The business of goldsmiths
D. None of the above
5 When was the "Bank of Venice" established:
A. 1127
B. 1147
C. 1157
D. 1187
6 Who used to tak gold and precfious metal as safe custody.
A. Merchants
B. Kings
C. Money Lenders
D. Gold Smiths
7 What type of institution a bank is:
A. Financial
B. Social
C. Religious
D. All of the above
8 American express Bank is an example of.
A. School Bank
B. Exchange Bank
C. Consortium Bank
D. None of these
9 Manage the internal affairs of Bank.
A. Prospectus
B. Memorandum
C. Articles
D. All of these
10 Due to good Banking system which sector showed Rapid growth.
A. Agriculture sector
B. Industiral sector
C. Banking Sector
D. All of these

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