ITM Group of Colleges Sargodha

SUBJECT: AUDITING TOTAL MARKS: 100 TIME ALLOWED: 3Hrs LECTURER: SANA

ATTEMPT ANY FIVE QUESTIONS…ALL CARRY EQUAL MARKS: NOTE: EXTRA ATTEMPT WILL NOT BE CONSIDERED…..: (20*5=100) Q1: Discuss the origin, establishment and management of State Bank of Pakistan? Q2: Define letter of credit and explain the whole procedure of opening letter of credit? Q3: What is meant by E-Banking? Discuss in detail the major issues of it? Q4: What the factors that are observed in credit analysis? Q5: Define Credit? How does commercial banks create credit? Q6: Write note on the following: a) Crossing of the Cheque b) Endorsement c) Cash reserves Q7: Explain the role played by the commercial banks in economy?

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