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Banking Question Paper

Banking 

Course:Diploma In Cooperative Management

Institution: Knec question papers

Exam Year:2009



DIPLOMA IN CO-OPERATIVE MANAGEMENT


END OF TERM EXAM-BANKING


3rd YEARS 2009-JAN-MARCH


TIME:2 ½ HRS


INSTRUCTIONS


ANSWER ALL QUESTIONS


1.(a) Explain the measures to be taken by a co-operative society to reduce loan defaulting.(10 marks)


(b) Explain how you can improve or strengthen the repayment capacity of a borrower and minimize loan defaulting in a co-operative society.(10 marks)


2.(a) Outline reasons why Saccos should have efficient loan recovery systems.(14 marks)


(b) Explain the consequences of loan defaulting in Saccos.(6 marks)


3.(a) Explain the importance of establishing a co-operative savings scheme in co-operative organizations.(10 marks)


(b) Valuation of securities given to secure a loan especially land is necessary. Explain why this is so.(10 marks)


4.(a) Outline the systematic approach to trace errors in preparing a monthly reconciliation.(12 marks)


(b) The co-operative bank of Kenya has extended its services to non-members.


Explain the reasons that might have made the bank to take this action.(8 marks)


5.The following information refers to a loan granted to makono Co-operative Society.


Loan amount----sh 15,000


Repayment period---18 months


Interest rate----15%


The society pays its members for crops delivered two times a year (i.e.end of June and December ). Calculate the interest payable on each installment and the repayment amount.(20 marks)




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