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

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

Sr. # Questions Answers Choice
1 What type of institution a bank is: Financial Social Religious All of the above
2 Who started the use of bank draft: Kings Merchants Money lenders Goldsmiths
3 The document by which the people are invited to buy the shares of bank is called Memorandum of bank Articles of bank Certificate of incorporation Prospectus of bank
4 Money creative bank is Central bank Commercial bank Consumer bank Both a and b
5 The word Bank has been derived from the German word Back Bancus Banco None of the above
6 The first central bank of indo-Pak Bank of Calcutta Imperial bank Reserve bank of India None of the above
7 bank is the developed form of The business of moneylenders The business of merchants The business of goldsmiths None of the above
8 Which document does reveal the internal affairs of a bank Memorandum of bank Articles of bank Certificate of incorporation Prospectus
9 Who was the founder of commercial bank Goldsmiths Merchants Money lenders All the above
10 What kinds of business does a commercial bank do Accepts deposits and advances loans Issues currency notes Re-discounts the bills of exchange All the above
11 The primary objective of a central bank is to Earn profit Advance loans to traders Safeguard the national interest All of the above
12 Which document indicates the authority and limitation of bank Memorandum Articles Certificate of incorporation Prospectus
13 Which bank was formed under the royal order Bank of Venice State Bank of Pakistan Bank of Barsolona Chartered bank of England
14 Which of the following banks accepts deposits and advances loans Cooperative bank Mortgage bank Commercial bank Central bank
15 Which document is attached to the application for the registration of bank Memorandum of bank Articles of bank Prospectus All the above
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