Bnk601 Online Quiz Current

A banking company can engage itself in which of the following businesses under section 7 of Banking Companies Ordinance, 1962?

Select correct option:

Borrowing, raising, or taking up of money

The lending or advancing of money either upon or without security

The granting and issuing of letters of credit

All of the given options

All of the following are contents of the Memorandum of unlimited company, under Banking Companies Ordinance, 1962, EXCEPT:

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Name of the company

Objects

Limited liability of shareholders

Authorized capital

Which of the following statements holds TRUE for law?

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It is to redress wrongs

It ensures public order

It is to maintain rights

All of the given options

Which of the following is NOT the regulation of paid-up capital, subscribed capital and authorized capital and voting rights of share-holders under section 14 of Banking Companies Ordinance, 1962?

Select correct option:

The subscribed capital of the company is not less than one half of the authorized capital

The capital of the company consists of ordinary shares only

Paid-up capital should be less than one half of the subscribed capital

The voting rights of any one shareholder, except those of the Federal Government or a Provincial Government do not exceed five per cent of the total voting rights of all the shareholders

Relationship between Principal and Agent is known as which of the following?

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Business relationship

Formal relationship

Agency relationship

Personal relationship

In which of the following years, “Wafaqi Mohtasib” was established?

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1983

1995

2000

2005

Which of the following studies is the evolution of law over a period of time?

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Analytical Jurisprudence

Historical Jurisprudence

Ethical Jurisprudence

Behavioral Jurisprudence

Which of the following parties are engaged in a letter of credit?

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Advising banks

Confirming banks

Negotiating banks

All of the given options

In which of the following years, an ombudsman was first established?

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1806

1809

1919

1929

------Studies history of law and evolution of law over a period of time and also amendments, introduction of new principles of law.

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Analytical Jurisprudence.

Social Jurisprudence.

Historical Jurisprudence.

Ethical Jurisprudence.