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                           Complete Banking Notes     Q10) What are the Methods of Foreign Remittance / Tools . Ans. The following methods of foreign remittance are given below. 1. Bank draft. 2. Telegraphic transfer. 3. Bill of exchange. 4. Postal Order.   1. Bank draft. A draft is a cheque drawn by one branch of a bank upon another situated at any other place required to pay a fixed / certain amount of money to a specified person or by his order. A bank draft may either by inland or foreign. Drafts are issued by bankers after receiving written and signed applications. The person is required to remit the required amount of money along with its commission. The banker hands over the draft to the depositors and sends a credit advice to the branch upon which the draft is drawn. 2. Telegraphic transfer. A telegraphic transfer (TT) is an electronic method of transferring funds utilized pr...

                BANKING MCQS TEST        I.         A commercial bank keeps less reserve if          * Cheque is used in most of the transaction             * Clearing house facility is available             * Rediscounting facility is available                           * all of these     II.         An endorsement is said to be Restrictive endorsement, if the endorser          * signs his name only                          ...

Banking Notes Urdu  بینک کی تعریف بیان   کریں بینک ایک مالی ادارا ہے جو لوگوں کی امانتیں قبول کرتا ہے اور قرض جاری کرتا ہے۔تجارتی بینک مخصوص نوعیت کا زری کاروبار سر انجام دیتا ہے یعنی امانتیں وصول کرنا،ہنڈیوں پر بٹہ لگانا ،غیر ملکی زرمبادلہ کا لین دین کرنا ،قرضے جاری کرنا،سٹاک  ایکسچینج سے کفالتوں کی خریدوفروخت کرنا،گاہکوں کے لیئے ایجنٹ کے طور پر کام کرنا،گاہکوں کی املاک کے لیے ٹرسٹی  کے طور پر کام کرنا وغیرہ۔ پروفیسر کراؤتھر کے مطابق                      بینک ایک ایسا ادارہ ہے جو قرض جاری کرنے کے لئے قرض لیتا ہے۔اور اس طرح زر اعتبار تخلیق کرتا ہے''        ایچ۔ایل۔ہارٹ کے مطابق ،                  بینک یابینکارایسا شخص کمیٹی ہے جو اپنے کاروبارکے دوران حساب جاری میں وصول کی ہوئی امانتوں کے خلاف چیک ادا کرتا ہو۔ جے۔ڈبلیو۔گلبرٹ کے مطابق  ...

  XI COMMERCE CONDENSE Syllabus  Click to download  https://drive.google.com/uc?export=download&id=1VjT4VkE99pNxX9SzThabzTn0dqenccg8

  CLICK TO DOWNLOAD XII BANKING GUESS PAPER  https://drive.google.com/uc?export=download&id=1BlCBXFn1xZiinhbki9Xblw4hVo8BV43i

XII BANKING NOTES  Q1.Explain the Origin of the word “Bank”. The word bank was taken into Middle English from Middle French banque, from Old Italian banca, meaning "table", from Old High German banc, bank "bench, counter". The word bank comes from an  Italian word banco , meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench. They placed the money on that bench. Q2.Money, Lenders Merchants and Goldsmiths are the ancestors of Modern Banking Explain . THE GOLDSMITHS: In ancient time some persons having the qualities of solvency, Honesty ,Safety. Therefore people were trusted on them to keep money as deposits. The depositors would be given slips as the proof of their deposits; these slips were accepted by the people instead of money in transacting business due to high reputation of goldsmiths. These slips were the origin of the modern bank notes. MERCHANTS : A group of merchants migrated to England from Italy in...