Banking Law and Practice 189 Autumn 2009

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

 

Q.No.1:

Discuss the evolution of banking in Pakistan highlighting all the major developments took place since 1947 till date, in the country.

 

Q.No.2:

What are the main instruments that are used by banks for remitting money from one place to another place? Also discuss their uses.

 

Q.No.3:

How is Islamic banking different from conventional banking? Critically evaluate the practices of Islamic banks in Pakistan.

 

Q.No.4:

What types of deposits are offered by banks in Pakistan? Support your answer with concrete examples from Pakistani banking environment.

 

Q.No.5:

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.

 

Q.No.6:

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?

 

Q.No.7:

What do you mean by 'accounts of special customers'? How are these accounts opened by a bank? Discuss only three of them in detail.

 

Q.No.8:

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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