Bnk601 Online Quiz Current
Friday, May 14, 2010 Posted In Bank Edit ThisA banking company can engage itself in which of the following businesses under section 7 of Banking Companies Ordinance, 1962?
Select correct option:
Borrowing, raising, or taking up of money
The lending or advancing of money either upon or without security
The granting and issuing of letters of credit
All of the given options
All of the following are contents of the Memorandum of unlimited company, under Banking Companies Ordinance, 1962, EXCEPT:
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Name of the company
Objects
Limited liability of shareholders
Authorized capital
Which of the following statements holds TRUE for law?
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It is to redress wrongs
It ensures public order
It is to maintain rights
All of the given options
Which of the following is NOT the regulation of paid-up capital, subscribed capital and authorized capital and voting rights of share-holders under section 14 of Banking Companies Ordinance, 1962?
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The subscribed capital of the company is not less than one half of the authorized capital
The capital of the company consists of ordinary shares only
Paid-up capital should be less than one half of the subscribed capital
The voting rights of any one shareholder, except those of the Federal Government or a Provincial Government do not exceed five per cent of the total voting rights of all the shareholders
Relationship between Principal and Agent is known as which of the following?
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Business relationship
Formal relationship
Agency relationship
Personal relationship
In which of the following years, “Wafaqi Mohtasib” was established?
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1983
1995
2000
2005
Which of the following studies is the evolution of law over a period of time?
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Analytical Jurisprudence
Historical Jurisprudence
Ethical Jurisprudence
Behavioral Jurisprudence
Which of the following parties are engaged in a letter of credit?
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Advising banks
Confirming banks
Negotiating banks
All of the given options
In which of the following years, an ombudsman was first established?
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1806
1809
1919
1929
------Studies history of law and evolution of law over a period of time and also amendments, introduction of new principles of law.
Select correct option:
Analytical Jurisprudence.
Social Jurisprudence.
Historical Jurisprudence.
Ethical Jurisprudence.
