Objective Part 2
- Infaq fe sabilliah signifies----Donation for satisfaction of Allah
- Cluster Investments are termed when investments are given amongst---- people of same area for same nature of business.
- MPS stands for ---Monetary Statement Policy
- Stress testing is done for ----Internal Risk Management
- General Provision required for unclassified amount against House finance is---2%
- Islamic Interbank Fund Market( IIFM) starts at ---3rd June, 2012
- UCP 600 ===effect from July 1, 2007
- Bill of lading Act====1856
- Importer Exporter Control Act------1950
- Importer, Exporter and (indentors)Registration Order------1981
- What does UPDS: urban Poor Development scheme
- Amount recovered from written off investment goes to ---Income Account of Bank
- Verses of Muhkam----Clear meaning verse of the holy Quran
- Verses of Mutasibah----Unclear meaning
- Sectors of Zakat Distribution----8, eg, Fakir,(Destitute) Miskin( Poor), Amel, To win over heart, to set slaves free, to repay loan, in the path of Allah, Mushafir,
- Credit Rating Agency now 8 .
- 18. Only one in Bangladesh, the Peoples Development Services Corporation Ltd.(PDSCL) began its journey in 1996 to help the government and the private sector in lending properly and collecting and recovering classified stuck-up loans and advances of banks, financial institutions, donor agencies and other entities.19. Bai Muajjal BB Fc bills, earlier Biam bills, Convetional Forced Loan: When back to bank proceeds fail, then creating this, payment is made.20. The BACH consists of two components. One is Bangladesh Automated Cheque Processing System (BACPS) that replaces earlier paper-based manual cheque clearing system. It started operations in October 2010. Other is Bangladesh Electronic Funds Transfer Network (BEFTN), an inter-bank electronic funds transfer system, which was launched on February 28, 2011.21. Bach fee: BEFTN, BACPSB Bank has introduced National Payment Switch on 27.12.2012Ibbl started M banking on 27.12.2012
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