Question No:1

Visit the website of any two banks of your choice (one Islamic and one conventional) to Compare and contrast any three products offered by a conventional bank and any three products offered by Islamic bank. Give the answer in detail.

Question No: 2

Bill Gates once said, "Banking is Necessary, Banks are Not". Discuss in detail.

Question No:3

The ongoing pandemic of corona virus disease abbreviated as COVID-19 entered in Pakistan around 26thFebruary, 2020. With the passage of time, the disease led many people to death beds and the life became slower. The economic activities in the whole world were almost stopped for months. Countries, including Pakistan closed everything to avoid public gatherings. Educational institutes, business centers, Public transportations, Parks, Gyms and other social gathering places were shut down for months. In this lockdown scenario, businesses shifted to the E-commerce module. New race of selling through internet started and businessmen somehow managed their expected losses by shifting to the new business modules. Educational institutes suffered a lot. They tried to complete the ongoing semester using different applications and Learning management systems in order to minimize the threat of semester loss for the students. The banking sector is backbone for a country. The current situation led the banking organizations to the slower pace. After some days the banking sector started functioning adopting the SOP's provided by Government of Pakistan. But the situation in banks is getting worst. The long ques , extended service time and other operational issues are arising in this sector. The local administration have also stopped a few banks to operate due to noncompliance with the given SOP's. Keeping in view the operational functions of these banks, what steps would you suggest to avoid the issues faced by banks due to current situation? Provide logical answers. Highlight the issue and answer the measures you would take to address the issue. Did you noticed any change in banking policy or banking trend due to COVID-19? If yes, Please elaborate that. Give the answer in detail.