Banking Law and Practice 189 Autumn 2006

ALLAMA IQBAL OPEN UNIVERSITY - ISLAMABAD

Level: Bachelor Semester: Autumn 2006

Paper: Banking Law and Practice (Code 189) Maximum marks: 100

Time allowed: 3 Hours Pass marks: 40

Note: ATTEMPT ANY FIVE QUESTIONS. ALL QUESTIONS CARRY EQUAL MARKS

 

Q.No.1:

How can an individual open an account in a bank? What are the legal requirements for it?

 

Q.No.2:

Discuss the various steps to be taken by a bank on death, insanity, liquidation and insolvency of a customer.

 

Q.No.3:

What do you know about the various Islamic modes of financing? Critically evaluate.

 

Q.No.4:

How is the bank credit controlled in Pakistan? Discuss the various tools used by the regulating authority of the country for this purpose.

 

Q.No.5:

Discuss the nature, scope and importance of agriculture and cooperative financing in Pakistan.

 

Q.No.6:

What are the basic principles which must be observed by a bank while advancing money to a borrower? Discuss in detail.

 

Q.No.7:

What is a "Letter of Credit" (L/C)? Explain different types of L/Cs in detail.

 

Q.No.8:

Write notes on the following:

(a) Banker's Lien

(b) Pledge

(c) Hypothecation

(d) Guarantees

(e) Indemnity

 



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