Question # 1

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

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Statutory Bank

Development bank

Royal Bank

Non eof these

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

Bank of England was established in.

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1494

1694

1920

1668

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

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

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Banque

Banco

Bancus

Back

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

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

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

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Gold Smith

Merchants

Money Lenders

All these

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

Which method is used for the formation of bank

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Royal order

Special ordinance

Company's ordinance

All of the above

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

For selling shares Bank issues

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Tickets

Prospectus

Certificate

Tokens

Who used to tak gold and precfious metal as safe custody.

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Merchants

Kings

Money Lenders

Gold Smiths

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

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