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Banking” is the heart of the commerce field. This course explains the practical side of finance. We cover everything from opening a bank account to understanding how the State Bank of Pakistan controls the economy. This theory subject is essential for scoring high marks in board exams. What you will learn:
- Bank Types: Commercial Banks vs. Central Banks (SBP).
- Practical Skills: Definition of a Cheque, Cross Cheque, and Bill of Exchange.
- Accounts: Difference between Saving, Current, and Fixed Deposit accounts.
- Economy: Role of banks in economic development.
Course Content
Definition and Origin of Banking
Kinds of Banks (Commercial, Industrial, Agricultural)
Commercial Banks (Functions & Importance)
Central Bank (State Bank of Pakistan – Functions)
Bank Accounts (Types & Operating Procedure)
Negotiable Instruments (Cheques, Bills of Exchange, Promissory Notes)
Crossing of Cheque and Endorsement
Funds Transfer (Online Banking, ATM, Credit Cards – Modern Update)
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