Question # 1

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Commercial Bank is a factory of creating credit.

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Crowther

Gilbert

Reynold

H.I.Heart

Which method is used for the formation of bank

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Royal order

Special ordinance

Company's ordinance

All of the above

Which document does reveal the internal affairs of a bank

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

Important source of income for Bank.

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Deposits

Current Account

Saving account

Issued loans

Which bank was formed under the royal order

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Bank of Venice

State Bank of Pakistan

Bank of Barsolona

Chartered bank of England

Money creative bank is

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Central bank

Commercial bank

Consumer bank

Both a and b

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

The temples were used as banks in:

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Italy

Rome

China

Greece

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

For selling shares Bank issues

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Tickets

Prospectus

Certificate

Tokens

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

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Statutory Bank

Development bank

Royal Bank

Non eof these

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

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Statement in lieu of prospectus

Certificate of incorpoartion

Certificate of commencement

None of the above

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

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