2nd Year Principles of Banking Chapter 1 TestBeginning and Evolution of Bank

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. The primary objective of a central bank is to:

   1. Earn profit

   2. Advance loans to traders

   3. Safeguard the national interest

   4. All the above

2. Bank of Venus was established in:

   1. 1157

   2. 1401

   3. 1609

   4. 1619

3. According to registration, bank is divided into following categories:

   1. Home and foreign bank

   2. Central and commercial bank

   3. Scheduled and non-scheduled bank

   4. All the above

4. When was the "Bank of Venice" established:

   1. 1127

   2. 1147

   3. 1157

   4. 1187

5. Which of the following banks accepts deposits and advances loans:

   1. Cooperative bank

   2. Mortgage bank

   3. Commercial bank

   4. Central bank

6. The important role in origin of Bank is of:

   1. Money lender

   2. Saith

   3. Goldsmith

   4. Both a and c

7. How many minimum promoters are required to sign on an application for the registration of commercial bank?

   1. Two

   2. Five

   3. Seven

   4. Ten

8. HBL is an example of:

   1. Foreign bank

   2. Commercial bank

   3. Industrial bank

   4. Islamic bank

9. The banks which are owned by the citizens of foreign country:

   1. Foreign Bank

   2. Home Bank

   3. Central Bank

   4. None of above

10. Bank is formed under:

    1. By chartered order

    2. By ordinance

    3. By companies ordinance

    4. All of these