Al Hajar printing press is well-established business in Nizwa. They are planning to start a new branch in Samail. They have to establish a new office and printing press. Al Hajar needs to purchase new printing machinery, which is very costly. They have requested a Bank to purchase a machinery and hand over to them for the use. This method adopted by the Bank is called as

a.

Loan Participation

b.

Direct lease loan

c.

Line of credit

d.

Indirect lease loan

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Question 5

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A cheque dated 15th December 2020 was presented in a bank on 23rd February 2021. The cheque is called as

a.

Invalid cheque

b.

Postdated cheque

c.

Valid cheque

d.

Stale cheque

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Ahmed have deposited 1000 OMR in a bank as a fixed deposit for 1 year. Bank knows that Ahmed is not going to withdraw this amount before maturity. When bank has accepted this deposit into fixed deposit, the bank becomes

a.

Debtor

b.

Agent

c.

Trustee

d.

Creditor