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

image
image
image

Principles of Banking Icom Part 2 English Medium Online Test

Sr. # Questions Answers Choice
1 The amount in fixed deposit can be Deposited many times Deposited only once Withdrawn many times None of the above
2 What kind of power does commercial bank possess regarding credit creation Unlimited power Limited power No power All the above are possible
3 Commercial bank creates credit By discounting of bills By investment By advancing loans All of the above
4 Which bank does discount the bills of public Commercial bank Agricultural bank Industrial bank All of the above
5 Which bank does keep the precious articles of public into its custody Central bank Industrial bank Commercial bank None of these
6 Which bank does accept the deposits from public Commercial bank Central bank Foreign exchange bank All the above
7 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
8 Money creative bank is Central bank Commercial bank Consumer bank Both a and b
9 The word Bank has been derived from the German word Back Bancus Banco None of the above
10 The first central bank of indo-Pak Bank of Calcutta Imperial bank Reserve bank of India None of the above
11 bank is the developed form of The business of moneylenders The business of merchants The business of goldsmiths None of the above
12 Which document does reveal the internal affairs of a bank Memorandum of bank Articles of bank Certificate of incorporation Prospectus
13 Who was the founder of commercial bank Goldsmiths Merchants Money lenders All the above
14 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
15 The primary objective of a central bank is to Earn profit Advance loans to traders Safeguard the national interest All of the above
Download This Set
×