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Article Category: Banking Diploma

Banking Diploma Examination, June 2013: Accounting for Financial Services (AFS)

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

Time-3 hour’s                                 Full marks-100                                            

“An agreement enforceable by law is a contract” Comment and explain the essentials of a valid contract in brief.

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

Generally contract means a promise or agreement made by two or more persons enforceable by law. According to Indian Contract Act 1872 Section 2(h) defined. “An agreement enforceable by law is a contract.” Hence, agreement and legal enforceability creates an agreement as contract. Section

Organization and Management for Banking Diploma: Part-1 (3)

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

Q.41 What is sub-agent and substituted Agent? Ans.: A sub agent is a person employed by and acting under the control of the original agent in the business of the agency (Section191) on the other hand, a substituted agent is named by agent but appointed by the principal. He is liable to principal.

Organization and Management for Banking Diploma: Part-1 (2)

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

Q.21 What is maintenance?Ans.: It is simply meaning the promotion of litigation in which one had no interest.  Q.22 What is Champerty? Ans.: It is a bargain where by one party agrees to assist the other in recovering property.  Q.23 What is wagering Agreement?Ans.: It is an agreement in

Organization and Management for Banking Diploma: Part-1 (1)

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

Q.1 Define Contract. Ans.: “An agreement enforceable by Law is a Contract.” [Section 2(h)]  Q.2 What is implied contract? Ans.: An agreement which is not made by written or spoken words of parties but it is evidenced from the acts or conduct of the parties or according to prevail

Banking Diploma Examination, June 2013: Accounting for Financial Services (AFS)

Category: Banking Diploma Posted on: Tuesday, November 29, 2016

[N.B. Figures in the right-hand margin indicate full marks. Answer any five questions including question no 8] 1. Answer the following Questions (a) Give a functional and operational definition of accounting.  [6] (b) Differentiate between comparability and consistency of accounting informat

Decision Making and its characteristics

Category: Banking Diploma Posted on: Monday, November 28, 2016

Decision making is the process of choosing or selecting any one option out of several options to achieve some objectives.  Glueck – “Decision making is the process of thought and deliberation that leads to a decision.”  Allen – “Decision making is the work a

Forms of Business Ownership and their main features

Category: Banking Diploma Posted on: Monday, November 28, 2016

Different forms of ownership of business organization available to each sector they are as follows :- (1) Private Sector: In private sector, the following forms of ownership/organization are available: (a) Sole Proprietorship (b) Partnership (c) Joint Hindu Family Business firm (d) Company (e)

Significance/ Role of Business

Category: Banking Diploma Posted on: Monday, November 28, 2016

The role or significance may be properly discussed under the following heads : – (i) Significance for Business Persons :  It helps in accomplishing their objectives. It helps in acquiring the knowledge and letter skills. Business persons may go for expansion and diversification of b

Distinction between Traditional and Modern Concept

Category: Banking Diploma Posted on: Monday, November 28, 2016

The literal meaning of the term business is the ‘state of being busy’ or business. But when the term is used in relation to the business world, it means much more specific. All the definition to business may be classified under the following three categories.  Traditional Definitio

Different concepts of Business that have emerged so far in World.

Category: Banking Diploma Posted on: Monday, November 28, 2016

Business activity has been conceptualized by many business persons, business managers and academicians in the field of business management ever since business emerged as an organized activity. Therefore the concept of business has changed over the years of history of business. So far the following c

Discuss the different theories of Leadership

Category: Banking Diploma Posted on: Monday, November 28, 2016

Several theories of leadership have been developed by management theoreticians. These theories may be classified into three categories.  (1) Personality Theories: Personality theories are theories that focus on the personal qualities or traits of leader. Such theories include the following:- (

Explain the various styles of Leadership

Category: Banking Diploma Posted on: Monday, November 28, 2016

Leadership style is the general way or pattern of behaviour of a leader towards his followers in order to influence their behaviour to attain a goal.  The main styles of leadership are as follows:-  (1) Autocratic and Authoritarian Leadership: An autocratic leader is one who centralizes

Free Consent

Category: Banking Diploma Posted on: Monday, November 28, 2016

Q.1. Define Free consent? When does consent become free? Explain rules regarding free consent.  Ans.: According to section 10 of the Indian Contract Act, 1872, “All agreements are contract if they are made by the free consent of the parties competent to contract for a lawful consideratio

Capacity to Contract

Category: Banking Diploma Posted on: Monday, November 28, 2016

Who can make a valid contract? Discuss the validity of agreements made by a minor.Ans.: According to Section 11, “Every person is competent to contract who is of the age of majority according to law to which he is subject and who is of sound mind and is not disqualified from contracting by any

Define offer and acceptance. Explain rules regarding valid acceptance.

Category: Banking Diploma Posted on: Monday, November 28, 2016

The term offer is also called proposal. It is defined under Indian Contract Act,1872 Section 2(a), “when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a pr

Leadership and the functions of Leadership

Category: Banking Diploma Posted on: Monday, November 28, 2016

Leadership and the functions of Leadership   Q.1 What do you understand by Leadership? Discuss the functions of Leadership.  Ans.: Keith Davis – “Leadership is the ability to persuade others to seek defined objectives enthusiastically. It is the human factor which bind

Various techniques of Decision Making

Category: Banking Diploma Posted on: Monday, November 28, 2016

The important techniques of decision making are as follows :-  (1) Experience or Judgment: In this technique, a manager makes decision on the basis of his knowledge and experience gained through working in a particular position over the years  (2) Intution : Intution or hunch is a knowle

Flow diagram of process of Decision Making

Category: Banking Diploma Posted on: Monday, November 28, 2016

A flow diagram of process of Decision Making is as follows:   Steps in Decision Making Process:1. Identification of Problem2. Diagnosing the Problem3. Establishing Specific Objectives4. Identifying Limitations5. Evaluating Alternatives6. Selecting Appropriate Alternative7. Implementing the

Business Ethics its main characteristics and scopes

Category: Banking Diploma Posted on: Monday, November 28, 2016

Business ethics is concerned with day to day behaviour of business in a business situation. Business ethics is rapidly becoming an important subject of study replacing yesterday’s “social responsibility of business.” In the words of Robert Gueinner and others, “Business ethi