12th class Principle of Banking chapter 1 online mcq test with answers for ICOM part 2 Principle of Banking Chapter 1 (Beginning and Evolution of Bank)

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

Sr. #	Questions	Answers Choice
1	Beginning of Bank draft by	Kings Money lenders Merchants gold smith
2	Money Lenders usually known as.	Sheikh Nawab Seth Debtors
3	Bank of England was established in.	1494 1694 1920 1668
4	Bank of England and Royal Bank of Scotaland are an examples of.	Statutory Bank Development bank Royal Bank Non eof these
5	Which one is the Secondary function commercial bank.	Accept deposits Advance loans Collections of cheques All these
6	The main purpose of commercial bank is.	Walfare Issue notes Earn Profits All these
7	Which one is the primary function of a bank	Accepting deposits Advancing loans Both these None of these
8	"EFT" stands for	Electronic Funds transfer Economic financial theory Electronic financial techniques Effecitve fund telegram
9	For selling shares Bank issues	Tickets Prospectus Certificate Tokens
10	List of Directors is required at the stage of.	Registration Incorporation Promotion Commencement
11	Second stage of formation of bank is called.	Incorporation Commencement Issue of shares Promotion
12	In these days Banks are formed under companies ordinance.	1962 1932 1984 1013
13	Most of the experts agreed that the word "Bank" has been derived from the word.	Banque Banco Bancus Back
14	Modern commercial Bank are teh developed form of the Busniess of.	Gold Smith Merchants Money Lenders All these
15	Who used to tak gold and precfious metal as safe custody.	Merchants Kings Money Lenders Gold Smiths

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