Anyone who has cleared level I for IBP diploma

[Mahtab]

Page 4
2.4.12 Banking Mohtasib
Q.8 Write short notes on any Four of the following. You have only Two pages to write the answer (F) Banking Mohtasib (20) (Summer-2006)
Q.4 Discuss the concept of “Banking Mohtasib” explaining its Powers & Duties. (10) (Winter-2006)
2.5 Banker’s Books Evidence Act, 1891
2.5.1 Banker’s Convenience
2.5.2 Bankers Book Evidence Act and Qanun-e-Shahadat, 1984
2.5.3 “Certified Copy”
2.5.4 Electronic Transactions
Q.1 Fill in the blanks (10) (Summer-2006) i. The law relating to electronic transactions in Pakistan is known as ____________________________;
2.6 Legal Cases Q.1 Fill in the blanks (10) (Winter-2006)
Vii In case a bank is under proceedings of winding up, every depositor is to be paid within ________ days a sum of Rs___________ or the balance in his account which ever is less.
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
i A Banking Court deals a case in which the claim does not exceed
A) Rs.10 m B) Rs.30 m C) Rs.50 m D) None of the above
Q.3 State True or False give brief reason for your selection (30) (Winter-2006
xvii A Banking Court shall refuse to accept a document in evidence of charge, pledge, mortgage etc if the same is not duly stamped.
I. Banker – Customer Relationship
Who is a banker? What constitutes a customer? Banker’s obligations towards customer --- to receive customer’s money and cheques and other instruments for collection; to repay the customer’s money on demand; to observe secrecy concerning the customer’s affairs; to give reasonable notice before closing an account.
Customer’s obligation to banker --- to make demand to make debt legally payable; to pay interest/mark-up on overdrawn accounts & other charges for the services rendered by the bank; to draw cheques with reasonable care so as not to facilitate fraud or forgery.
Nature of relationship --- Debtor and creditor; Bailor and bailee; Principal and agent; Mortgagor and mortgagee;
Pledger and Pledge.
Other aspects of relationship --- statutes of limitation as applicable to deposits; appropriation of payments; banker’s right of set off;