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	What kinds of business does a commercial bank do	A. Accepts deposits and advances loans B. Issues currency notes C. Re-discounts the bills of exchange D. All the above
2	According to registration , bank is divided into followings categories:	A. Home and foreign bank B. Central and commercial bank C. Scheduled and non-scheduled bank D. All of the above
3	Which document indicates the authority and limitation of bank	A. Memorandum B. Articles C. Certificate of incorporation D. Prospectus
4	Begining of Bank draft by.	A. Kings B. Money Lenders C. Merchants D. Gold smith
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	Which method is used for the formation of bank	A. Royal order B. Special ordinance C. Company's ordinance D. All of the above
7	Who started the use of bank draft:	A. Kings B. Merchants C. Money lenders D. Goldsmiths
8	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
9	Second stage of formation of bank is called.	A. Incorporation B. Commencement C. Issue of shares D. Promotion
10	In these days Banks are formed under companies ordinance.	A. 1962 B. 1932 C. 1984 D. 1013