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

Questions asked in this paper

1. Q1 Explain the functions of Reserve Bank of India.
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2. Q2 Explain salient features of Banking Regulation Act, 1949.
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3. Q3 Explain precautions to be taken by a banker while lending against goods.
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4. Q4 What is endorsement ? Explain different kinds of endorsement.
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5. Q5 "Bankers duty of secrecy is not absolute". Explain when disclosure of account is justified ?
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6. Q6 Define holder and holder in due course. What are the privileges of holder in due course ?
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7. Q7 Who is paying banker ? State the statutory protections available to paying banker.
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Write short note on any two of the following :

1. Q8 (a) Promissory note.
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2. Q8 (b) Internet Banking.
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3. Q8 (c) State Bank of India.
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Solve any two of the following :

1. Q9 (a) Ramesh couldn't present the cheque received from his friend due to busy schedule. Period of limitation is about to expire on a day which happens to be a public holiday. Advice Ramesh.
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2. Q9 (b) Krishnamurthy has given a cheque for Rs. 5,000/- in the name of his minor son Srikanth. Can the banker honour the same ?
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3. Q9 (c) ABC and D are partners in the "X Firm". They informed the banker that 'B and C' will operate the firm's current account. Can Banker honour the cheques of the firm signed by "B and D" ?
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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.