JAIBP OLD PAPER STAGE I SUMMER 2009

                                                                                                                                           

 

Q.8        Being the Head of the Strategy Cost Cutting Steering Group, you are assigned
           the task of preparing a preliminary report on cost cutting at MULTIBRANDS.  
           Write the report focusing on the following:                                                                             (10)
           
           •     Product development                              
           •     Brand consolidation  
           •     Quality control and pricing  
           •     Personnel retention and hiring
 
 

 

                                                                     

                                                              -.-.-.-.-.-.-

                                                                                                                                                 

    LAWS RELATING TO FINANCIAL SERVICES – STAGE-I  

                                   ISQ Examination (Summer-2009)  

                                                                           

                                                                          

Q. 1        Fill in the blanks:                                                                                                          (10)  

  

  

Q.2       State True or False in the answer column.                                                                                      (10)  

  

  

Q.3         Please write the alphabet of selected answer in the given space:                        (13)  

  

  

Q.4         A)         Under  Financial  Institutions  (Recovery  of  Finances),  Ordinance,  2001  

                       what constitute a “customer” and his obligations?                                                                 (06)  

             

Q.4        B)          Does a banker incur any liability to third party by issuing a chequebook  

                       to the client while the bank account was opened negligently?                 (05)  

  

  

Q.4        C)          Is the bank liable to the depositor who presents Fixed Deposit Receipt on  

                       maturity for repayment, if it is found that no such deposit was recorded in  

                       the books of the branch and it transpired that the  Branch Manager had  

                       embezzled the amount?                                                                                             (05)  

  

Q.5         What  precautions  should  a  banker  take  in  opening  the  bank  accounts  in  the  

            names of;  

  

           i)          Individual                                                                                                        (05)  

             

           ii)         Trust Account                                                                                                   (05)  

             

           iii)        Account of Joint Stock                                                                                          (05)  

             

Q.6        A)          Under what circumstances a banker is justified in refusing payment of a  

                       cheque drawn upon him?                                                                                            (05)  

  

Q.6         B)         Please discuss modes of securing the finance?                                                                      (05)  

  

Q.7        A)         Discuss the banker’s rights to sell the pledged goods and the formalities to  

                     be complied with prior to exercise the powers.                                          (05)  

  

Q.7         B)         Discuss;                                                                                                           (06)  

  

           i)          “Equitable Mortgage”                                     ii)         “Legal Mortgage”  

                            

                                                                                                                                                                  

  ACCOUNTING FOR FINANCIAL SERVICES – STAGE-I  

                            ISQ Examination (Summer-2009)  

                                                               

                                                               

Q.1       State TRUE or FALSE in the answer column:                                                                    (18)  

  

Q.2       Please write the alphabet of your choice in the answer column.                         (35)  

  

Q.3       Following  transactions  were  carried  out  during  2008  by  Chinawala  Brothers  

          (CWB).  Put a letter whether each of the transaction will immediately             (10)  

  

          -    Increase (I),  

          -    decrease (D), or  

          -    have no effect (N) on the ratios/figures shown.  

  

                                                                           Leverage         Return            Quick  

                                                                             Ratio         on Assets          Ratio  

                                                                                                            

    1. January 1, 2008: CWB issues 150,000 shares of  

        stock at Rs.10 par-value.   

    2. January 20, 2008: CWB purchases a building for                                                       

        Rs.70,000 and purchases equipment for  

        Rs.35,000. It pays half the price in cash and the  

        other half through a bank loan.   

    3. March 1, 2008: CWB acquires finished goods for                                                       

        Rs.150,000. CWB pays cash for half of the  

        merchandise, and the remainder is purchased on  

        account.   

                                                                                                            

    4. March 30, 2008: CWB pays Rs.45,000 in  

        employee salaries.   

    5. July 1, 2008: CWB decides to rent additional                                                         

        building space and pays for six months rent, at  

        Rs.3000 a month, in advance.   

    6. August 22, 2008: CWB sells all of the finished                                                       

        goods for Rs.400,000, of which Rs.300,000 is on  

        account and the remainder is received in cash.   

    7. October 30, 2008: CWB collects Rs.160,000 in                                                         

        cash from its accounts receivable, and uses this  

        money to pay down its accounts payable.   

                                                                                                            

    8. November 23, Year1: CWB declares dividend  

        @Rs.2.50 per share, payable on Dec. 30, 2008.   

                                                                                                                                       

    MACRO ECONOMICS AND FINANCIAL SYSTEM OF PAKISTAN – STAGE-I  

                                     ISQ Examination (Summer-2009)  

                                                                     

  

Q.1       State True or False in the answer column.                                                                              (09)  

  

Q.2        Please write the alphabet of selected answer in the given space:                        (46)  

                                                                                                 

Q.3        A dialogue took place between two economists is as follows:  

  

           Mr. A:               The  neo-classical  model  which  is  promoted  by  the  IMF  and  its  

                                followers  in  developing  countries  needs  to  be  re-assessed.  The  

                                emphasis  on  macroeconomic  stability,  in  particular  controlling  

                                inflation should not be at the expense of growth in the developing  

                                countries such as Pakistan.  

             

           Mr. B:               The  issue  of  macro  stability  is  also  very  important.  If  that  is  

                                ignored, the growth achieved shall falter in the long-run. I believe  

                                we     should       first     look      at    achieving        stability       and     arresting  

                                inflationary trend as major focus of our economic policy.  

             

           Mr. A:               We  can  not  over-look  stability  question.  However,  we  should  not  

                                ignore  more  basic  issues  confronting  our  economy.  Poverty  rate  

                                has jumped from 23.9% to 37.5% in the course of three years. We  

                                need  investment  in  infrastructure,  human  development  projects  

                                and for improving living standard of poorer sections of society.  

             

           Mr. B:               I  think  if  we  are  able  to  keep  inflation  and  growing  macro  

                                economic imbalances in check, we may then adopt policies aiming  

                                at achieving growth on sustainable basis.  

  

           Based on the above discussion, Answer the following questions:                           

  

           i)        Is there any trade-off between inflation and growth in Pakistan’s  

                     economy? Justify your view point with reasoning.                                   (03)  

       

           ii)       Explain why macro economic stability is important for smooth  

                     functioning  of economy.                                                                             (03)  

       

Q.4        (A)       Outline the major factors responsible for liquidity pressures experienced  

                     by Banking System in Pakistan in recent past?                                        (05)  

   

Q.4        (B)       What  are  the  implications  of  high  fiscal  deficits  for  monetary  policy?  

                     Discuss in the context of Pakistan.                                                             (05)  

       

Q.5        (A)       What does a balance of payments statement tell us?                                (02)  

  

                                                                     

JAIBP OLD PAPER STAGE I WINTER 2009

1-BCforFS(W09)
2-LRtoFS(W09)
3-AccountingforFS(W09)
4-MEandFS(W09)

                                                                                                                                     

   BUSINESS COMMUNICATION FOR FINANCIAL SERVICES – STAGE-I
                                  ISQ EXAMINATION (WINTER 2009)
 
Q.1       (A)        Please write the alphabet of selected answer in the given space:          
 
Q.1        (B)       Complete the definitions with items given below:                                                              
 
          A)         Skills                          B)        Inventory                       C)     Staffing Levels
           D)        Overheads                       E)        Cash Flow                       F)      Premises
           G)        Investment                      H)        Staff Input                      
           I)       Promotional Expenditure
 
 
                                                   BEATING A RECESSION
 
Here are a few tips for small business managers to follow during economic downturns.
 
           1.        __________________  Monitor  your  company’s  financial  health,  and  make
                     monthly forecasts to ensure that expenses and planned expenditures are in line
                     with accounts receivable. Be able to project where you will stand three months
                     in advance.
           
           2.        __________________ Examine your capital spending. Consider delaying the
                     purchase  of  high  cost  items,  upgrading  equipment,  and  expansion  plans  that
                     will take a long time to pay off.
           
           3.        __________________  Consider  reducing  stock  of  slow-moving  products.
                     Observe the results, and look out for products that should be eliminated from
                     your  stock  .This  way  if  sales  plummet,  less  of  your  cash  is  secured  in
                     unproductive assets.
           
           4.        ___________________   Many   businesses   reduce   advertising   during   hard
                     times. However, increasing ad outlays during slowdowns helps a business to
                     get ahead of rivals who cut back.
           
                     
           5.        __________________ You could generate extra income  by subletting excess
                     office space.  
           
           6.        __________________ A business can save huge amounts of money by buying
                     recycled printer cartridges and used computer equipment, copiers, and office
                     furniture.
           
           7.        ___________________   Organisation   often   cut   back   on   training   during
                     recessions. However, slow periods are the optional  time to conduct training,
                     especially low-cost, on-the-job instruction.
                                                                                                                                                   

             LAWS RELATING TO FINANCIAL SERVICES – STAGE-I
                                      ISQ Examination (Winter-2009)
                                                                     
 
Q. 1       Fill in the blanks:                                                                                                    
 
 
Q.2      State True or False in the answer column.                                                                                
 
Q.3        Please write the alphabet of selected answer in the given space:                      
 
Q.4        Study the following and give your answer as (Yes) or (No) with suitable
            explanation.   Any   answer   without   explanation   will   render   the   answer   as
           incorrect.            
 
           A)        A cheque is drawn ‘Pay A’ without the words ‘or order’ or ‘bearer’.  Is
                     the  cheque  payable  to  A  in  person,  or  is  transferable  or  negotiable  by
                     him?                                                                                                        
 
           B)        Do  the  word  “Not  negotiable”  written  across  a  cheque,  without  two
                     parallel  transverse  lines,  render  the  cheque  as  crossed?    Would  the
                     drawee bank be justified in paying such a cheque across the counter.  
 
           C)        A joint account is opened, either party having power to sign cheques in
                     individual  capacity.  A  cheques  is  presented,  in  the  handwriting  of  and
                     signed by one and altered and duly signed by the other. Is this acceptable?
                                                               
 
           D)        Mr.  and  Mrs.  Aslam  are  joint  customers,  who  have  deposited  for  safe
                     custody  among  their  holdings  national  saving  certificates  purchased  for
                     their son and daughter. The son on reaching the age of 18, requests the
                     bank to deliver the certificates purchased in his name claiming that he is
                     the true owner. This followed by a similar request from the daughter, who
                     is still under 18. Whether the bank should entertain their requests?      
 
Q.5        One of your client purchased a payment order for Rs. 400,000 in favour of
           Karachi        Municipal          Corporation.           After      fifteen      days      he    approached           for
           cancellation  surrendering  the  original  instrument  stating  that  the  instrument
           was not  submitted  to  KMC  and  credit  the  proceeds  in  the  account maintained
           with you.                                                                                                                
                       
           i)        Whether   a   payment   order   can   be   cancelled   at   the   request   of   the
                     purchaser after issuance?                                                                                    
                     
           ii)       If after cancellation, you received a claim from KMC asking to return the
                     instrument as a valid beneficiary. What will be your response?              
                     

                                                                   

      ACCOUNTING FOR FINANCIAL SERVICES – STAGE-I  

                                       ISQ Examination (Winter-2009)  

                                                                      

                                                                      

Q.1        State True or False in the answer column.                                                                              

  

  

Q.2        Please write the alphabet of the selected answer in the given space:                   

  

  

Q.3        Choose  one  of  the  two  alternatives  given  below  and  fill  in  the  blank  in  the  

           following statements:                                                                                                   

             

                                                                   

Q.4        There was a credit balance of Rs 4,190/- in bank statement of the ABC Company  

           on 29th February, 2009. On the very date the cash book of the company showed a  

           debit balance of Rs 5,210/-. On going through the above records, it revealed that:  

  

           A)         Payments side of cash book was under cast by Rs 500/-  

             

           B)         Under mentioned charges were not entered in the cash book:  

                      (i)       With holding income tax Rs 300/-  

                      (ii)      Bank charges Rs 100/-        

                      (iii)     Profit Rs 280/-           

                        

           C)         The  payment  of  Rs  350/-  made  by  the  bank  in  compliance  with  the  

                      existing instructions of the company has not been entered in the cash book  

             

           D)         A cheque amounting to Rs 1,125/- received from a customer paid into the  

                                       th                                                                                            st 

                      bank on 27          February, 2009 did not appear in the bank statement till 1    

                      March, 2009  

             

           E)         Cheques drawn by the company for Rs 600/-, Rs/- 300 & Rs 175/- had not  

                      been presented at the bank   

   

     Required:  

           Prepare the Bank Reconciliation Statement as at 29th February 2009.                

             

  

                                                                                                                                         

    MACRO ECONOMICS AND FINANCIAL SYSTEM OF PAKISTAN – STAGE-I  

                                       ISQ Examination (Winter-2009)  

                                                                       

Q.1        State True or False in the answer column.                                                                                 

  

Q.2        Please write the alphabet of the selected answer in the given space:                   

  

Q.3        Two  leading  business  executives  of  large  concern  were  discussing  the  potential  

           for future business operations.   

  

           Mr. A. The new trade policy has spelled out various incentives for augmenting  

           export  base  during  the  next  three  years.  We  can  now  think  about  planning  to  

           extend product range offering export potential.  

             

           Mr. B. I think the role of exports as “the driver” of economic activity and growth  

           is somewhat over exaggerated. The export sector cannot perform in isolation i.e.  

           without boosting overall economic growth and in particular domestic trade and  

           commerce. However, the key is conducive investment climate.   

             

           Mr. A. You may be right in long term perspective but in short-run the incentives  

           offered are lucrative and we can explore opportunities in export markets.   

             

           Mr. B. No., I strongly believe you need to boost domestic commerce to create new  

           opportunities  for  investment  and  push  sustainable  economic  activities.  Unless  

           you become competitive, you cannot make a successful entry in export market.  

  

Based on the above discussion, answer the following questions:  

  

i)         Do you agree with the comments the role of exports as driver of economic growth  

           is exaggerated?                                                                                              

  

ii)        What is the importance of a vibrant domestic market in boosting export sector?    

                                                                                                                        

  

Q.4                   For an economy following information is available                                       

  

                      Natural Rate of Employment                           =          5.5%  

                      Current Unemployment Rate                            =          7%  

                      Current GDP level                          =         Rs.10.00 billion   

  

           What is the shortfall in potential GDP if Okun’s law holds?                      

  

Q.5        (A)        What is hyper inflation, what factors leads to hyper inflation?            

       

Q.5        (B)        Explain how hyper inflation might lead to a severe decline in total output? 

                                                                                                                       

       

                                                                      

                                                                   

What is JAIBP Certification

JAIBP stands for " Junior Associateship of  IBP (Institute of Banker's Pakistan)" . It comes under the ISQ - IBP Superior Qualification program.  which is aimed at empowering the present and potential management level- banker.  can't understand.. its normal.. 

WHO CAN ENROLL FOR JAIBP?

·                                 Graduates with 2nd Division

·                                 Those who are enrolled in undergraduate program of at least 2 years

Note: IBP says (post intermediate/A level or equivalent). But must be enroll in any under graduation degree. If you want to give JAIBP just enroll in any under graduation program of at least 2 years.

WHAT IS THE COST?

·                                 One time registration fees;     Rs. 15,000 ( as on 2014)

        After paying this you will be the LIFE TIME member of IBP. You will get    

        newsletters; updates; emails of current economic indicators etc.

        NOTE: This is a membership fees. if you are not appearing for any 

       exam. You can just register; criteria is the same. You can write in your 

       resume that you are affiliated with IBP. Gives a good impression. 

·                                                         Per Paper fees;      Rs. 1,500/-   (feasible) as on 2017

·                                                         Per Paper Book;      Rs. 400/-     (ok) as on 2017

·                                                                                 variation in book prices depend on the stages;  separate.

          I suggest that you will take at least 2 paper.. for Stage 1; if you are a student; if  

             you are working in a bank than go for entire stage 1; because it will give you 

              reward;  

ITS TIME TO SEE THE JAIBP SYLLABUS

There are 3 Stages in JAIBP

Stage-1

·                                 Business Communication for Financial Services  

·                                 Introduction to Financial Systems and Banking Regulations

·                                 Information Technology in Financial Services

·                                 Branch Banking

NOTE: YOU MUST CLEAR 2 PAPER OF STAGE 1; IN ORDER TO APPEAR FOR STAGE 2 PAPERS

THERE IS A CATCH; IBP SAYS YOU HAVE TO APPEAR FOR ALL REMAINING PAPERS OF STAGE 1 WHEN YOU APPEAR FOR STAGE 2.

For Example;

If you clear Business Communication + Information Technology; this is the min criteria; than you will need to appear for Branch Banking + Intro to Financial System  together with any of the paper of stage 2. you can take even 6 all together 

Stage-2

·                                 Accounting for Financial Services

·                                 Lending: Products, Operations and Risk Management

·                                 Human Resource Management and Organizational Behaviour

·                                 Economics

GREAT: NOW THAT YOU HAVE APPEARED FOR STAGE 2 PAPER; WHAT HAPPENED NEXT; SIMPLE. IBP SAYS; IF YOU HAVE CLEAR STAGE 1 + 2 PAPERS OF STAGE 2. THAN YOU CAN APPEAR FOR STAGE 3. BUT WITH SAME CONDITION THAT YOU HAVE TO TAKE ALL REMAINING SUBJECTS OF STAGE 2

Stage-3

·                                 Marketing of Financial Services

·                                 Finance of International Trade & related Treasury Operations

·                                 Management Accounting for Financial Services

Specialization Subjects (any one subject to be selected)

·                                 Microfinance

·                                 Agricultural Finance

·                                 Islamic Finance

·                                 SME Banking

 JAIBP REGISTRATION OPEN

FORMAT OF THE EXAM:

Type of Questions	# of Questions	Total Marks	Total Time
Multiple Choice Questions	30	45	1 hours
Constructed and Extended Response Questions	5 + 3 =8	55	2 hours

* Constructed  are short question

* Extended are lengthier; require more details

FANTASTIC:   NOW THAT YOU HAVE CLEARED ALL THE STAGES. YOU HAVE COMPLETED JAIBP.

BUT IBP OFFER MORE THAN JUST JAIBP DIPLOMA. IT OFFERS CHARTERED BANKER CERTIFICATE. IF YOU PASS ONE MORE EXAM AND THAT IS.

COMPREHENSIVE EXAM
It comprises of all 12 papers. you have given in your JAIBP

Type of Questions	# of Questions	Total Marks	Total Time
Multiple Choice Questions	120	120	3 hours
Constructed and Extended Response Questions	12	80	3 hours

JAIBP Stage One Books Online Download Read

Download ibp books FREE

DOWNLOAD JAIBP, AIBP, PAST PAPERS BOOKS FREE FOR STAGE 1, STAGE 2, AND STAGE 3

Now books worth of Rs  400 - 600 

is absolutely FREE of cost

and also free solved question and answer for jaibp students

 Click the below book name.

Stage-1

·                                 Business Communication for Financial Services  

·                                 Introduction to Financial Systems and Banking Regulations

·                                 Information Technology in Financial Services

·                                 Branch Banking