Question # 1

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

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

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 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

Which one is the Secondary function commercial bank.

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Accept deposits

Advance loans

Collections of cheques

All these

The temples were used as banks in:

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Italy

Rome

China

Greece

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

Which of the following banks accepts deposits and advances loans

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Cooperative bank

Mortgage bank

Commercial bank

Central bank

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Muslims commercial Bank was established on.

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1947

1948

1951

1949

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

Begining of Bank draft by.

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Kings

Money Lenders

Merchants

Gold smith

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Money creative bank is

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Central bank

Commercial bank

Consumer bank

Both a and b

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

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