
MCQ Revision Qs Chapter 2. Dr Ahmad Asad
Quiz by Ahmad Asad
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
During the documentary credit, which of the following, banks is usually a foreign bank…?
Banking law in Bahrain
A consequential loss is an
UNICITRAL Model Law- provides for consequential loss in credit transfers only if the bank acted with specific intent to cause loss or recklessly and with actual knowledge that loss would be a likely result. This statement is
Basel Committee on Banking Supervision and FATF have recommended certain guidelines : Bank must know its correspondents and their procedures .These guidelines rules are
Money laundering in correspondent banking is a valid concern of regulators since banks do not necessarily have first hand knowledge of the controllers or customers of its correspondents. This statement is
If the error can be placed on the correspondent bank, then the customer’s bank will be liable. This statement is
Limited liability of customer’s bank is subject to contract and banks further protect themselves with
Relationships with correspondent banks are usually governed by
In recent times correspondent banking has been under scrutiny by authorities looking for:
Nostro a/c is an account that one bank holds with another bank in ………. usually in the currency of that country
Correspondent banks provide a wide variety of services such as
Multi functional banks are using correspondent banks so that it can offer its full range of services to its clients around the world. This statement is
Privity of Contract means that a
From an economic perspective, the network concept provides the following:
Bank Syndicate or Bank Consortium is
True Syndicate means
The severalty clause will provide that the rights and obligations of the members of the syndicate are several such as
Syndicated Loan Agreement for
Subscription Agreement
Does a syndicate constitute a joint venture?
Does a syndicate constitute a partnership between the banks?
If lead bank has acted only as a conduit pipe from borrower to syndicate members, there is
If lead bank was intimately involved in preparation of Information Memorandum