ALLAMA IQBAL OPEN UNIVERSITY - ISLAMABAD
Level: Bachelor Semester: Autumn 2009
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
Discuss the evolution of banking in Pakistan highlighting all the major developments took place since 1947 till date, in the country.
What are the main instruments that are used by banks for remitting money from one place to another place? Also discuss their uses.
How is Islamic banking different from conventional banking? Critically evaluate the practices of Islamic banks in Pakistan.
What types of deposits are offered by banks in Pakistan? Support your answer with concrete examples from Pakistani banking environment.
What is 'foreign exchange management'? Do you think that Pakistan has been good in the management of foreign exchange? Support your answer with practical arguments.
Discuss the different types of loans being offered by banks in Pakistan. What basic principles must be observed by a bank while extending loan to a borrower?
What do you mean by 'accounts of special customers'? How are these accounts opened by a bank? Discuss only three of them in detail.
Explain the following:
(a) Open Market Operation
(b) Letters of Credit (L/C)
(c) Bill of Exchange
(d) Bank Guarantee
(e) Banker's Lien
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