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

Questions asked in this paper

1. Q1 Discuss the functions of commercial banks in India.
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2. Q2 Discuss the Banker's obligation to maintain the secrecy of the customers account.
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3. Q3 What is endorsement ? Explain different types of endorsement.
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4. Q4 Explain the precautions to be taken by a banker while lending against goods.
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5. Q5 Examine the grounds under which banking ombudsman may reject the complaint.
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6. Q6 Define cheque. Distinguish cheque from bill of exchange.
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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 any two of the following :

1. Q8 (a) Internet banking
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2. Q8 (b) Promissory note
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3. Q8 (c) Agency services.
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Solve any two of the following problems :

1. Q9 (a) A, B, C and D are partners in the Y firm. They informed the banker that A and B will operate the firm's current account. Can banker honour the cheques of the firm signed by A and C ?
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2. Q9 (b) Rajesh could not present the cheque received from his friend due to the busy schedule. Period of limitation is about to expire on a day which happens to be a public holiday. Advice Rajesh.
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3. Q9 (c) A customer of a Canara Bank approaches another branch of the same bank for loan facility against F.D. receipt of Rs. 2,00,000.00 issued in his favour. Whether his request for loan can be considered ? 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.