Beginning and Evolution of Bank

The first bank of the world is _______________________.

• Bank of Venice

• Bank of England

• Bank of America

• Bank of Japan

In _____________________,“Reserve Bank of India” was established

• 1930

• 1947

• 1935

• 1925

Who started the use of Bank Draft?

• Kings

• Merchants

• GoldSmith

• Money Lenders

______________________ State Bank of Pakistan was established inaugurated by Quaid –e–Azam Muhammad Ali Jinnah.

• 1^st July 1947

• 1^st July 1949

• 1^st July 1948

• 1^st June 1948

______________________________National Bank of Pakistan was established.

• 8^th November 1940

• 8^th November 1949

• 8^th November 1947

• 1^st July 1948

Which of the following bank is known as “Mother of Central Bank”?

• Riks bank of Sweden

• State bank of Pakistan

• Bank of America

• Bank of England

The amount of capital received by a bank by providing shares to its shareholders is called _______________

• Paid-up capital

• Reserve capital

• Subscribed capital

• Authorized capital

Which of the following documents is used by a bank to invite the public to buy its shares?

• Memorandum of association

• Articles of association

• Prospectus

• Certificate of Incorporation

Which method is used for the formation of a bank?

• Royal Order

• Special Ordinance

• Companies Ordinance

• All of the above

Which document is NOT attached to the application for the registration of the bank?

• Memorandum of bank

• Articles of bank

• Prospectus of bank

• Certificate of incorporation