B.A. LL.B. (Five Years) Sem 8 Banking Law 2016 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Discuss the various types of Banks along with their functions.
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2. Q2 Discuss the powers of Reserve Bank of India under Banking Regulation Act, 1949.
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3. Q3 Explain the precautions to be taken by a Banker while lending against goods.
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4. Q4 Define cheque. Explain the different kinds of crossing of a cheque along with their effects.
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5. Q5 "Banker's duty of secrecy is not absolute". Explain when the disclosure of account is justified.
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6. Q6 What precautions should a Banker take in opening a new account in the name of a minor and a married woman ?
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7. Q7 What are the ancillary services of a Bank ?
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Write short note on any two of the following :

1. Q8 (a) Pass Book
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2. Q8 (b) E-Banking
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3. Q8 (c) Customer of a Bank.
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Solve any two of the following :

1. Q9 (a) R has executed the instrument in favour of Mr. X as follows : "Mr. X I O U Rs. 1,00,000". Is it a valid Promissory Note ? Give reasons.
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2. Q9 (b) A and B opened a savings Bank account payable jointly. B informs the Banker that A is dead and produces a death certificate in this regard and also demands for payment of balance amount. But the Banker refuses to pay. Can B file a suit against Banker ? Will it make any difference, if the account is opened in the style of 'either' or 'survivor' ?
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3. Q9 (c) Examine the legal position of the banker in the following cases : i) B deposits gold ornaments worth Rs.50,000 with the Banker for safe custody. ii) D deposits Rs.40,000 with the Banker to be held for two years as a fixed deposit.
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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.