Anyone who has cleared level I for IBP diploma

[Mahtab]

Page 7
5.4.2 Corporate Governance
5.4.3 KYC and Money Laundering
Q.6 Discuss State Bank of Pak. Regulations on Know Your Customers (KYC) (10) (Summer-2006)
5.4.4 Operation
Q.3 State True or False give brief reason for your selection (30) (Winter-2006
xxiv According to prudential regulation R-3 the bank is bound to manage operational risk.
Chapter – VI Bankers Core Business – Deposits
the Bank as depository
6.1 Importance of Deposits
6.2 Mobilization of Deposits
6.3 Bank Accounts
6.4 Forms of Deposits
6.4.1 Current Accounts
6.4.2 Saving Accounts
6.4.3 Term Deposits
6.5 Opening of Account
6.5.1 Introduction
Q.4 State “Yes” or “No” give brief reason for your selection at the space provided below the question. (10) Summer-2006
vii. If due care is not exercised in opening the new account and obtaining proper introduction by the bank, it may cause loss of reputation.
Q.4 State “Yes” or “No” give brief reason for your selection at the space provided below the question. (10) Summer-2006
viii. Bank has legal recourse to the introducer of account for recovery of its loss.
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xviii A minor cannot A) Open a bank account. Operated by himself.
B) Become an agent. C) Indorse a cheque. D) Become a principal.
6.5.2 Liability of the Introducer
6.6 Issuance of Cheque Book
6.7 Issuance of Loose Cheques
Chapter – VII Types of Customers
7.1 Individual’s Account
7.2 Joint Account
7.2.1 Nature of the account
7.2.2 Survivorship
7.2.3 Either or Survivor Letter
7.2.4 Documents to be obtained
7.3 Partnership Account
7.3.1 Opening and Operating a Partnership Account
Q.3 State True or False give brief reason for your selection at the space provided below the question. (20) (Summer-2006)
iv. Every partner has an implied authority to countermand payment of any cheque drawn on firm’s account.