B.A. LL.B. (Five Years) Sem 8 Banking Law 2015 Dec (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Discuss briefly the functions of Reserve Bank of India along with its promotional role.
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2. Q2 What are the activities (businesses) permitted by Banking Regulation Act, 1949 to be taken by the Banker ?
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3. Q3 Explain the general principles relating to secured loan.
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4. Q4 What is indorsement ? Explain the different types of Indorsement.
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5. Q5 Who is a Banker ? Explain general relationship of Banker with his customer.
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6. Q6 What precautions should a Banker take in opening a new account in the name of a partnership and trust ?
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7. Q7 Briefly explain the customer's duties towards his Banker.
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Write short note on any two of the following :

1. Q8 (a) Cyber evidence
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2. Q8 (b) Paying Banker
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3. Q8 (c) Banking Ombudsman
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Solve any two problems of the following :

1. Q9 (a) 'H' signs an instrument in the following form : "I promise to pay 'S' or order Rs. 1,00,000 on the marriage day of 'S' Is it a valid Promissory Note ? Give reasons.
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2. Q9 (b) 'C' instructs his Banker to buy certain debentures for him and asks the Banker to keep them for him and collect the interest on them. Subsequently 'C's current account is overdrawn. Can Banker exercise the lien over debentures ?
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3. Q9 (c) 'A' maintains an account in his sole name and enjoys an overdraft which he does not repay despite demands. The Banker adjusts the overdraft from the credit balance held in the account in the joint names of 'A' and 'B'. 'B' challenges it and demands for restoration of amount from the Banker. Decide.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.