Banking Theory & Practice (Paper A)

A financial conglomerate functioning as financial supermarkets, providing a wide range of financial services.

The bank that dishonours a cheque due to insufficient funds.

The third stage of money laundering where illegal funds are introduced into the legitimate economy.

The maker of a cheque who orders payment to be made.

Unsatisfactory conduct leading to account closure approved by authorities, often related to illegal activities.

The person who transfers an endorsed cheque to another party.

Anti-Money Laundering measures that help detect and report suspicious activities.

Any overwriting or changes made on a cheque that affects its validity.

A negotiable instrument containing an unconditional order to pay a specified amount.

A person under the age of 21 according to the Hijra calendar.

Key attributes include Transferability, Good title, and Right to sue.

Deposits that circulate as money, leading to an increase in the total money supply.

Series of repeat transactions from one account to another to obscure the source of funds.

A system that helps in better cash management by simplifying the cheque clearing process.

Accounts specifically designed for minors, often with unique features benefiting young account holders.

Four returns of cheques within a year may lead to account closure.

Accounts preferred by businessmen for day-to-day transactions without restrictions on withdrawals.

Signing on the back of an endorsed cheque with specific instructions for payment.

When a specific bank is named between two parallel lines on a cheque for payment.

Cheques that are older than six months and typically considered invalid.