Question # 1

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

Bank of England was formed in:

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1594

1694

1794

1894

Manage the internal affairs of Bank.

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Prospectus

Memorandum

Articles

All of these

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

What type of institution a bank is:

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Financial

Social

Religious

All of the above

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

When was the "Bank of England" got the monopoly ovwe note issue:

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1728

1758

1768

1778

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

The detail in the memorandum of bank is recorded :

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In one paragraph

In seperate paragraphs

On one page

All of the above

bank is the developed form of

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The business of moneylenders

The business of merchants

The business of goldsmiths

None of the above

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

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Gold Smith

Merchants

Money Lenders

All these

The primary objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

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

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Banque

Banco

Bancus

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

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