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

Temples were used as early banks in.

Question # 2

When was the "Reserve Bank of India" established:

Question # 3

Due to good Banking system which sector showed Rapid growth.

Question # 4

Who started the use of bank draft:

Question # 5

According to Sir John Paget, a bank is an institution which :

Question # 6

"EFT" stands for

Question # 7

Modern commercial Bank are teh developed form of the Busniess of.

Question # 8

According to registration , bank is divided into followings categories:

Question # 9

Bank of England was formed in:

Question # 10

Commercial Bank is a factory of creating credit.

Question # 11

When was the "Bank of Venice" established:

Question # 12

Imperial Bank was established in:

Question # 13

Commercial bank is factory of creating credit.

Question # 14

Important source of income for Bank.

Question # 15

For selling shares Bank issues

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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 "EFT" stands for
A. Electronic Funds transfer
B. Economic financial theory
C. Electronic financial techniques
D. Effecitve fund telegram
2 The first central bank of indo-Pak
A. Bank of Calcutta
B. Imperial bank
C. Reserve bank of India
D. None of the above
3 The change in the address of abnk should be intimated to registar within:
A. Eight days
B. Ten days
C. Eighteen days
D. Twenty eight days
4 The word Bank has been derived from the German word
A. Back
B. Bancus
C. Banco
D. None of the above
5 Beginning of cheque by.
A. Gold smiths
B. Merchants
C. Kings
D. Money lenders.
6 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
7 Who started the use of bank draft:
A. Kings
B. Merchants
C. Money lenders
D. Goldsmiths
8 Who was the founder of commercial bank
A. Goldsmiths
B. Merchants
C. Money lenders
D. All the above
9 Money creative bank is
A. Central bank
B. Commercial bank
C. Consumer bank
D. Both a and b
10 The temples were used as banks in:
A. Italy
B. Rome
C. China
D. Greece

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