MCQs Banking in English, History of Banking

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For the first time  , MCQs of Economics

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Banking & Finance

BANKING HISTORY & BACKGROUND

·        A bank is an institution that deals in.

property	money
Business	lands

 ·        Who were the founders of the banking system?

trader	goldsmiths
money lenders	all

 ·        What was the first and foremost purpose of banking?

Protecting wealth	Increasing wealth
Earn the interest	all

 ·        Which was the first bank of the Indian subcontinent?

Bank of Bengal	Habib Bank
Muslim Bank	Bank of India

 ·         What does the bank create?

trade	money
interest	business

 ·        Which was the first bank in Pakistan?

Muslim Commercial Bank	Habib Bank
Bank of Bengal	Bank of India

 ·        When did State Bank Pakistan come into existence?

1947	1949
1948	1950

 ·        Which bank ran the banking system in Pakistan till the formation of State Bank                  Pakistan?

Reserve Bank of India	Imperial Bank of India
Bank of Bengal	Bank of India

 ·        Which was the first regular bank in the history of banking?

Bank of Barcelona	Bank of Venice
Bank of the USA	Bank of England

 ·        Where is the Bank of Venice?

United States	Italy
United Kingdom	Spain