BNK601 Mid Term Current Paper (Dec 2010)
Monday, December 06, 2010 Posted In .Midterm Dec 2010 Edit This
BNK601 Mid Term Current Paper (Dec 2010)
Midterm paper was consist of 27 Questions:
Total 18 MCQs
3 Question of 5 Marks
2 Questions of 3 Marks
Objective Questions were:-
Q # 1 :
Describe unenforceable contract? (3 marks)
Q # 2 :
What is the objective behind establishing the office of Banking Mohtasib? (3 marks)
Q # 3 :
Write down any 5 topics covered in Part IIA (Transaction of banking business illegality by companies, etc) of Banking Companies Ordinance, 1962? (5 marks)
Q # 4 :
Write any 3 provisions regarding power of SBP to control advances as describe under sec 25 of Banking Companies Ordinance, 1962? (5 marks)
Q # 5 :
Describe the instances under which agreement are considered as void? (5 marks)
MCQs were:
1-Which of the following involve sharing profit & loss in a joint venture in a predetermined ratio? (Musharika, Mudaraba, other 2 options not in mind)
2-Banking Companies ordinance 1962provision regarding restrictionon removal of records and documents is describe in? (Sec 9, Sec 10, Sec 11, Sec 12)
3-2/3 in value of the shareholders of each of said companies going for amalgamation involves in banking Companies ordinance, 1962? (Sec 48 and other 3 options)
4-State Bank of Pakistan Act 1956 defines Annual General Meeting as? (bank's shareholders meeting)
5-According to SBP banking Services ordinance 2001, Sec 3 in which city banks head office should be situated? (Karachi, Islamabad, Lahore, Rwlpindi)
6-Which is not the primary function of SBP? (regulation of financial sector)
7-Who defines A banker is a dealer in capital, or, more properly, a dealer in money? (J.W Gilbert)
8-A person appointed as general manager is known as? (Private Agent)
9-A person who works along with the principal is known as? (Co-Agent)
Total 18 MCQs
3 Question of 5 Marks
2 Questions of 3 Marks
Objective Questions were:-
Q # 1 :
Describe unenforceable contract? (3 marks)
Q # 2 :
What is the objective behind establishing the office of Banking Mohtasib? (3 marks)
Q # 3 :
Write down any 5 topics covered in Part IIA (Transaction of banking business illegality by companies, etc) of Banking Companies Ordinance, 1962? (5 marks)
Q # 4 :
Write any 3 provisions regarding power of SBP to control advances as describe under sec 25 of Banking Companies Ordinance, 1962? (5 marks)
Q # 5 :
Describe the instances under which agreement are considered as void? (5 marks)
MCQs were:
1-Which of the following involve sharing profit & loss in a joint venture in a predetermined ratio? (Musharika, Mudaraba, other 2 options not in mind)
2-Banking Companies ordinance 1962provision regarding restrictionon removal of records and documents is describe in? (Sec 9, Sec 10, Sec 11, Sec 12)
3-2/3 in value of the shareholders of each of said companies going for amalgamation involves in banking Companies ordinance, 1962? (Sec 48 and other 3 options)
4-State Bank of Pakistan Act 1956 defines Annual General Meeting as? (bank's shareholders meeting)
5-According to SBP banking Services ordinance 2001, Sec 3 in which city banks head office should be situated? (Karachi, Islamabad, Lahore, Rwlpindi)
6-Which is not the primary function of SBP? (regulation of financial sector)
7-Who defines A banker is a dealer in capital, or, more properly, a dealer in money? (J.W Gilbert)
8-A person appointed as general manager is known as? (Private Agent)
9-A person who works along with the principal is known as? (Co-Agent)
