B.A. LL.B. (Five Years) Sem 8 Banking Law 2020 Nov Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the various types of banks and its functions.
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2. Q2 Define cheque. How it differ from a promisory note ?
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3. Q3 Explain the powers and functions of banking ombudsman.
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4. Q4 Who is a paying banker ? State the statutory protections available to a paying banker.
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5. Q5 Narrate the relationship of a banker with his customers.
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6. Q6 Describe briefly the objectives and features of the Deposit Insurance and Credit Guarantee Corporation of India Act, 1961.
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7. Q7 Explain the composition, powers and functions of Reserve Bank of India.
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Write short notes on any two of the following :

1. Q8 (a) Noting and Protest.
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2. Q8 (b) Agency services.
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3. Q8 (c) Secured loans.
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Solve any two of the following problems :

1. Q9 (a) A customer of a bank approaches State Bank of India for loan facility against F.D. receipt of 1,00,000 issued by a Co-operative Bank in his favour. Decide.
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2. Q9 (b) 'A' issues a cheque in favour of 'B' for Rs. 2,00,000/- but later he comes to know that he has only Rs. 50,000/- in his account. What are the steps to be taken by 'A' and the banker ?
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3. Q9 (c) Mr. 'A' has an F.D. account in the bank for Rs. 5,00,000/- a safe locker and a personal loan of Rs. 2,00,000 with the bank. His son Mr. 'X' approaches the bank and requests the banker to close his father's account in view of his death and he wants to withdraw all the money and the things in the account and the safe locker. 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.