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Chapter â II Banking Laws and Regulations
2.1 Banking Laws and Regulations Finances now include any accommodation or facility provided on the basis of profit and loss sharing, mark up/mark down, equity etc. Financial institution includes Co. whether incorporated within or outside Pakistan, Modaraba management Co, Leasing Co, Investment Bank, Venture Capital Financing Co, Unit Trust, mutual Funds etc.
2.2 State Bank of Pakistan Act, 1956
Q.1 Fill in the blanks (10) (Summer-2006) a. The State Bank was established under the Act known as ______________________ _;
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xix Central Monetary Authority of Pakistan is
A) Government Treasury B) Association of Banks
C) State Bank of Pakistan D) None of the above
2.2.1 Appointment of Governor
2.2.2 Criteria for Directors
2.2.3 Bankâs business
2.2.4 Prohibitions
2.2.5 Custodian of Foreign Exchange
2.2.6 Cash Reserve mandatory for Banks
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
vii The present Cash Reserve requirement on total demand and time liabilities for banks is
A) 15 % B) 18 % C) 21 % D) None of the above
2.2.7 Scheduled Bank
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xx A scheduled bank means a bank
A) Incorporated under banking ordinance B) Governed by association of banks
C) Included in the schedule of SBP. D) None of the above.
2.2.8 Duty to secrecy
2.3 The Banking Companies Ordinance, 1962 (BCO)
2.3.1 Specific areas of Regulations
Q.1 Fill in the blanks (10)(Summer-2006) c. The State Bank governs banks and banking business in Pakistan under the law
known as ________ ________________ ____________________ _;
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
iii The State Bank governs banks and banking business in Pakistan under the law known as A)State Bank of Pakistan Act 1956 B) State Bank of Pakistan Order 1948 C)Banking Companies Ordinance 1962 D) None of the above
Q.3 State True or False give brief reason for your selection (30) (Winter-2006)
vi The Banking Companies Ordinance 1962 bars the banks from forming subsidiary companies for carrying on the business of banking exclusively outside Pakistan.
Chapter â II Banking Laws and Regulations
2.1 Banking Laws and Regulations Finances now include any accommodation or facility provided on the basis of profit and loss sharing, mark up/mark down, equity etc. Financial institution includes Co. whether incorporated within or outside Pakistan, Modaraba management Co, Leasing Co, Investment Bank, Venture Capital Financing Co, Unit Trust, mutual Funds etc.
2.2 State Bank of Pakistan Act, 1956
Q.1 Fill in the blanks (10) (Summer-2006) a. The State Bank was established under the Act known as ______________________ _;
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xix Central Monetary Authority of Pakistan is
A) Government Treasury B) Association of Banks
C) State Bank of Pakistan D) None of the above
2.2.1 Appointment of Governor
2.2.2 Criteria for Directors
2.2.3 Bankâs business
2.2.4 Prohibitions
2.2.5 Custodian of Foreign Exchange
2.2.6 Cash Reserve mandatory for Banks
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
vii The present Cash Reserve requirement on total demand and time liabilities for banks is
A) 15 % B) 18 % C) 21 % D) None of the above
2.2.7 Scheduled Bank
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xx A scheduled bank means a bank
A) Incorporated under banking ordinance B) Governed by association of banks
C) Included in the schedule of SBP. D) None of the above.
2.2.8 Duty to secrecy
2.3 The Banking Companies Ordinance, 1962 (BCO)
2.3.1 Specific areas of Regulations
Q.1 Fill in the blanks (10)(Summer-2006) c. The State Bank governs banks and banking business in Pakistan under the law
known as ________ ________________ ____________________ _;
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
iii The State Bank governs banks and banking business in Pakistan under the law known as A)State Bank of Pakistan Act 1956 B) State Bank of Pakistan Order 1948 C)Banking Companies Ordinance 1962 D) None of the above
Q.3 State True or False give brief reason for your selection (30) (Winter-2006)
vi The Banking Companies Ordinance 1962 bars the banks from forming subsidiary companies for carrying on the business of banking exclusively outside Pakistan.
