BNK601 Mid Dec 2010 Paper

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)