ALLAMA IQBAL OPEN UNIVERSITY - ISLAMABAD
Level: Bachelor Semester: Autumn 2007
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
Define endorsement. Discuss in brief various kinds of endorsements.
What is foreign currency account? Describe its main features?
What are the rights and duties of a banker?
Define Mortgage. What are real estates unpopular as security for loan with the bankers?
Discuss in brief the various modes of securing advances.
Discuss the functions of a central bank as banker to the government.
Define a letter of credit. Discuss the mechanism involved in making payments for overseas business through a letter of credit.
Define monetary policy. What are the main instruments of credit control?
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