MCQ QUIZ on BANKING MCQ | SET 2

1) According to some experts, the word bank may have originated from the Italian word 

1. Banco

2. Bancos

3. Both

4. None of the above

2) According to some experts, the word bank may have originated from the______ word Banco, Bancos.

1. Indian

2. African

3. Italian

4. Marathi

3) Banco, Bancus means 

1. Sitting Bench

2. Clean Bench

3. Table

4. Dining Bench

4) According to economist McLeod, the English word “bank” must have been derived from the Italian word 

1. Monte

2. Money

3. Monty

4. None of the above

5) The English word Monte is thought to have originated from the 

1. German word

2. Italian Word

3. Indian Word

4. American Word

6) Jewish merchants were appointed in______ as government bankers

1. 1066 to 1094

2. 1067 to 2020

3. 1094 to 2000

4. 1067 to 1995

7) The road that is the central bank of England (Bank of England) is still known as 

1. Lombardian Street

2. Lombardian Fast Way

3. Lombardian Highway

4. Lombardian Express

8) The Tanej Act, the first banking law, was introduced in_____ by William Patterson.

1. 1694

2. 1794

3. 1894

4. 1994

9) In_____, the Bank of England was authorized to issue notes

1. 1608

2. 1708

3. 1808

4. 1908

10) In_____, the Government of England passed the Joint stock Institutions Act.

1. 1856

2. 1857

3. 1858

4. 1859

11) The first bank “Land Bank” was established in____

1. 1986

2. 1886

3. 1786

4. 1686

12) In _____, the second Land Bank was established

1. 1741

2. 1742

3. 1743

4. 1744

13) In ____, the State Bank of Pennsylvania was established

1. 1880

2. 1780

3. 1980

4. 1680

14) Etc. C. In____, the first modern bank in the United States was established in Philadelphia under the name The Bank of America.

1. 1882

2. 1782

3. 1682

4. 1582

15) The First Bank of the United States was established in_____ on the principle of joint capital.

1. 1491

2. 1591

3. 1691

4. 1791

16) The Second Bank of the United States was established in ______.

1. 1816

2. 1817

3. 1818

4. 1819

17) The Federal Reserve Bank was established in______ by a merger of private banks in the United States.

1. 1913

2. 1813

3. 1713

4. 1613

18) 1872 – National law is passed in- 

1. Japan

2. India

3. America

4. Shrilanka

19) In____, the first bank, The Ichi Bank, was established.

1. 1852

2. 1862

3. 1872

4. 1882

20) Mitsui Bank was established in____

1. 1876

2. 1886

3. 1896

4. 1856

21) The Yokohama Space Bank was established in___

1. 1780

2. 1880

3. 1980

4. 1680

22) In_____, Japan made significant changes to its banking law, which later became the central bank.

1. 1948

2. 1947

3. 1945

4. 1949

23) Goldsmiths in____ are considered the father of the modern banking business.

1. England

2. America

3. India

4. West Indies

24) The idea was to set up the____so that the government could have control over the Sonar Bankers Bank business.

1. Bank of Venice

2. The Bank of Sweden

3. Both

4. None of the above

25) It is said that in the Middle Ages, Jews from Lombardy, Italy, used to sit on the bench and exchange-

1. Coins

2. Notes

3. Both

4. None of the above