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
How can an individual open an account in a bank? What are the legal requirements for it?
Discuss the various steps to be taken by a bank on death, insanity, liquidation and insolvency of a customer.
What do you know about the various Islamic modes of financing? Critically evaluate.
How is the bank credit controlled in Pakistan? Discuss the various tools used by the regulating authority of the country for this purpose.
Discuss the nature, scope and importance of agriculture and cooperative financing in Pakistan.
What are the basic principles which must be observed by a bank while advancing money to a borrower? Discuss in detail.
What is a "Letter of Credit" (L/C)? Explain different types of L/Cs in detail.
Write notes on the following:
(a) Banker's Lien
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