Question # 1

The word Bank has been derived from the German word

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Back

Bancus

Banco

None of the above

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

What type of institution a bank is:

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Financial

Social

Religious

All of the above

Which of the following banks accepts deposits and advances loans

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Cooperative bank

Mortgage bank

Commercial bank

Central bank

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

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

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

The change in the address of abnk should be intimated to registar within:

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Eight days

Ten days

Eighteen days

Twenty eight days

Money creative bank is

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Central bank

Commercial bank

Consumer bank

Both a and b

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

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

Imperial Bank was established in:

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1921

1925

1932

1937

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

According to registration , bank is divided into followings categories:

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Home and foreign bank

Central and commercial bank

Scheduled and non-scheduled bank

All of 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

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

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