Tag Archives: money

Money, Banking and Finance Guess Papers 2014 B.com Part 1

Money, Banking and Finance Guess Papers 2014 B.com Part 1 Money, Banking and Finance Important Questions 2014 for B.com Part 1 What is the procedure to open bank account? Discuss the various sources of funds for commercial bank OR Kind of bank account Define negotiable instrument? Why these are called negotiable. Differentiate between bill of exchange, promissory note and cheque? …

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Money, Banking and Finance Past Papers 2009 B.Com 1

Money, Banking and Finance Past Papers 2009 B.Com 1 Money, Banking and Finance 2009 Time Allowed: 3 Hours     New Course Marks: 100 Note: Attempt any five questions. All questions carry equal marks.   Question # 1 What is the procedure to open Bank Account? Discuss the various sources of funds for commercial Banks. Question # 2 Define letter of credit? …

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Money, Banking and Finance Past Papers 2010 B.Com 1

Money, Banking and Finance Past Papers 2010 B.Com 1 Money, Banking and Finance 2010 Time Allowed: 3 Hours     New Course Marks: 100 Note: Attempt any five questions. All questions carry equal marks.   Question # 1 What are the different kinds of Banks that exist in Pakistan? Question # 2 Define Monetary Policy? What are the objective and tools of …

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Money, Banking and Finance Past Papers 2011 B.Com 1

Money, Banking and Finance Past Papers 2011 B.Com 1 Money, Banking & Finance 2011 Time Allowed: 3 Hours     New Course Marks: 100 Note: Attempt any five questions. All questions carry equal marks.   Question # 1 What do, you know about the evolution of money? Also discuss the qualities of good money. Question # 2 Critical examines the quantity theory …

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Money, Banking and Finance Past Papers 2012 B.Com 1

Money, Banking and Finance Past Papers 2012 B.Com 1 Money, Banking and Finance 2012 Time Allowed: 3 Hours     New Course Marks: 100 Note: Attempt any five questions. All questions carry equal marks.   Question # 1 Discuss the inconveniences of Barter System and also explain how these inconveniences were removed with the introduction of money. Question # 2 Explain the …

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Money, Banking and Finance Past Papers 2013 B.Com 1

Money, Banking and Finance Past Papers 2013 B.Com 1 Money, Banking and Finance 2013 Time Allowed: 3 Hours     New Course Marks: 100 Note: Attempt any five questions. All questions carry equal marks.   Question # 1 Discuss the merits and demerits of paper money. Question # 2 Define trade cycle. Also discuss the causes and remedies of trade cycle. Question …

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Write definition of money

Write definition of money A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively Or A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a …

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What is meant by unlimited liability?

What is meant by unlimited liability? A type of investment in which a partner or investor can lose an unlimited amount of money.  Opposite of limited liability. Source: http://www.investorwords.com/5167/unlimited_liability.html#ixzz2Y0lDSdGX Or A type of business where owners share joint and several responsibilities for the entire amount of debt and other liabilities amassed by the business. Unlimited liability is not capped at …

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What is meant by bill of exchange?

What is meant by bill of exchange? A written order to pay a sum of money on a given date to the drawer or to a named payee; a promissory note Or A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date …

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Define credit note

Define credit note A credit note can be issued to correct a mistake if the invoice has been overstated or to reimburse the buyer completely if the goods have been returned. Source: http://www.e-conomic.co.uk/accountingsystem/glossary/credit-note Or Think of it in terms of shopping. Say you bought a pair of jeans, got them home, they had a flaw and so you took them …

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