Laws and Practice of Banking

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking-JAIBB

Short Notes:

CLEARING HOUSE:

Clearing House is a place where all the bankers of a town assemble to exchange cheques, drafts, bills etc.
drawn on each other. The old practice of receiving the payment of the cheque drawn on other banks was to send bank clerk with all such cheque and other instruments to collect the cash from various banks. Since this method was time-consuming and aweful, the Clearing House system was introduced where all the member bankers daily assemble to settle their drawings upon each other.

Principles of Economics & Bangladesh Economy

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 
Principles of Economics & Bangladesh Economy-JAIBB

Theory of Demand

Q.1. What is Demand?

Ans.: Meaning : The demand for any commodity at a given price is the quantity of it which will be bought per unit of time at that price. Elements of Demand : According to the definition of demand here are three elements of demand for a commodity :-
(i) There should be a desire for a commodity.
(ii) The consumer should have money to fulfill that desire.
(iii) The consumer should be ready to spend money on that commodity.
Thus we can define demand as the desire to buy a commodity which is backed by sufficient purchasing power and a willingness to spend.

Q.2 What are the Determinants of Demand?
Ans.: There are many economic, social and political factors which greatly influence the demand for a commodity. Some of these factors are discussed below :
(1) Price of the Commodity
(2) Price of Related Goods
      (i) Complementary Goods
      (ii) Substitute Goods
(3) Level of Income and Wealth of the Consumer
     (i) Necessaries
     (ii) Inferior goods
     (iii) Luxuries

(4) Tastes and Preference
(5) Government Policy
(6) Other Factors :
     (i) Size and Composition of Population
     (ii) Distribution of Income and Wealth
    (iii) Economic Fluctuations

Q.3 What is the Law of Demand?
Ans.: The law of demand states that, other things being equal, the demand for a good increases with a decrease in price and decreases in demand with a increase in price.
The term other things being equal implies the prices of related goods, income of the consumers, their tastes and preferences etc. remain constant.

Q.4 What is a Demand Schedule?
Ans.: Meaning : A Demand schedule is a list of the different quantities of a commodity which consumes purchase at different period of time. It expresses the relation between different quantities of the commodity demanded at different prices. 

   (i) Individual Demand Schedule : It is defined as the different quantities of a given commodity which a consumer will buy at all possible prices:-

 

    (ii) Market Demand Schedule: Market demand schedule is defined as the quantities of a given commodity which all consumer will buy at all possible prices at a given moment of time:-

Business Communications

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

Business Communications-JAIBB

01. WHAT IS COMMUNICATION?Communication is the art of getting your message across effectively through:

    Spoken words (primary and simplest way)
    Written words (reflects importance)
    Body language (can make or mar)
    Visual images (leaves the greatest impact) 



 02. PURPOSE OF COMMUNICATION- to get work done from peers and subordinates
- to improve the efficiency of our business transactions
- to coordinate/interact better
- to motivate and influence others
- to send/receive information in an unambiguous manner
- to save considerable time and effort
- to take better decisions, both personal and professional
- to develop better relationships, both at home and at work

03. WHAT IS BUSINESS COMMUNICATION?
‘Business Communication’ is communication that occurs in an organizational context in order to:
- exchange information, ideas, plans, strategies
- offer the best of customer services
- make decisions, rules, proposals, contracts, and agreements, etc.
In fact, communication is regarded as the “lifeblood” of every organization.

04. METHODS OF BUSINESS COMMUNICATION
(a) 1. Vertical communication (downward, upward)
     2.  Horizontal communication (lateral communication) 
(b) 1. One-to-one communication
      2. One-to-many communication
(c) 1. Formal communication
     2. Informal communication
 (d) 1. Oral communication
       2. Written communication
(e) 1. Internal communication
      2. External communication






07. BENEFITS OF EFFECTIVE COMMUNICATION
You will:
- be able to communicate clearly with clients and other professionals
- possess superior presentation skills
- develop and communicate objectives and strategies better
- be able to write proposals and quotations clearly
- develop good overall oral/written communication skills