Q.6: a) Briefly explain contingent charges and modes of obtaining cash. b) What is special cheque? For what type of transactions is it used? Q.7: a) What is Khyber pakhtunkhwa delegation of power? Give examples of

Q2: How do banks make money? By issuing new currencies into the market. By charging interests to depositors who deposit their money in the bank. By issuing licenses to foreign banks who want to operate in Singapore. By charging fees for various services such as Credit Card annual fee, loan interest rates, late payment fees. Q3: Which of the following statements accurately describes simple interest? Simple interest is the interest calculated on the principal amount, the accumulated interest, and the time period of the investment. Simple interest is the interest calculated on both the principal and the accumulated interest. Simple interest is the interest calculated only on the principal amount. Simple interest is the interest calculated on the principal amount and the time period of the investment. Q4: What is the difference between a debit card and a credit card? A debit card charges interest on purchases, while a credit card doesn't. A debit card allows you to spend money you…

2 - Which account can a business use to monitor foreign currency transactions in foreign currency?I. Off-balance sheet account,II. Foreign currency deposit accounts,III. Foreign Currency SafeA) II-IIIB) Solo IIC) I-IID) I-II-IIIE) Only I