Question # 1

Which document does reveal the internal affairs of a bank

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus

Essentials of successfl banking.

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Large capital

Secured loans

Inflation

Both of these

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

What kinds of business does a commercial bank do

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Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

Manage the internal affairs of Bank.

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Prospectus

Memorandum

Articles

All of these

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

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Accepts the deposits of general public

Honours the cheques

Advances loan

All of the above

Which one is the Secondary function commercial bank.

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Accept deposits

Advance loans

Collections of cheques

All these

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

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

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Gold Smith

Merchants

Money Lenders

All these

Bank of England was established in.

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1494

1694

1920

1668

Commercial Bank is a factory of creating credit.

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Crowther

Gilbert

Reynold

H.I.Heart

List of Directors is required at the stage of.

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Registration

Incorporation

Promotion

Commencement

The temples were used as banks in:

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Italy

Rome

China

Greece

Imperial Bank was established in:

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1921

1925

1932

1937

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

Money Lenders usually known as.

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Sheikh

Nawab

Seth

Debtors

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

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

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