vu bnk601 Lecture No.12 - Quiz No.1
vu bnk601 Banking Laws & Practices Quiz
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Question 1: Which of the following is also called the Legal Mortgage?
Equitable Mortgage
Registered Mortgage
Un-registered Mortgage
Non-equitable Mortgage
Question 2: According to Section 23 of Banking Companies Ordinance, 1962, a subsidiary to banking company can perform which of the following function(s)?
To carry on of banking business strictly in conformity with Islam
To carry on business of modaraba
Such other purposes as are incidental to the business of banking
All of the given options
Question 3: According to Section 17 of Banking Companies Ordinance, 1962, the banking company cannot create charge on which of the following?
Paid up capital
Issued capital
Unpaid capital
Subscribed capital
Question 4: According to Section 16 of Banking Companies Ordinance, 1962, which of the following is the MAXIMUM commission, brokerage, discount or remuneration paid by banking company on issue of share capital?
2% of the paid up value of the issued shares
2.5% of the paid up value of the issued shares
3% of the paid up value of the issued shares
3.5% of the paid up value of the issued shares
