B.A. LL.B. (Five Years) Sem 8 Banking Law 2022 Oct (70 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Briefly discuss the evolution of Banking System in India.
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2. Q2 Explain the procedure of filing a complaint before banking Ombudsman under the Banking Ombudsman Scheme of 2006.
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3. Q3 Explain the functions of Reserve Bank as the central bank of the country.
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4. Q4 Define cheque and crossing of a cheque analysing the types of crossing and its implications.
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5. Q5 Examine the salient features of the Securitization Act, 2002.
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6. Q6 What are the precautions to be taken by the banker while opning an account of a minor.
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Write short notes on any two of the following :

1. Q7 (a) Holder in Due Course
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2. Q7 (b) ATM
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3. Q7 (c) Banker's Books Evidence Act.
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Solve any two of the following problems :

1. Q8 (a) X bought some books from Y on credit and issued a cheque to cover the liability. When presented for payment the cheque was dishonoured for insufficiency of funds and the same was informed to X. On knowledge of the same X requested further time for payment of money and thereby, X corrected the date of drawal of the cheque and revalidated it. Decide whether the act of X is acceptable under Negotiable Instruments Act.
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2. Q8 (b) X, a businessman had taken a loan of Rs. 10 lakh from Soundarya Bank. The loan was sanctioned to X as he was the close friend of the Manager of the bank on personal security. Because of sudden financial crisis X made default in payment of three monthly instalments. Manager of the bank revealed the same in his old group of close friends who assured confidentiality of the same. Decide whether the manager of the bank has committed any wrong. If so, what ?
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3. Q8 (c) A negotiable instrument dated 30th August, 2022 is made payable three months after date. The instrument is at maturity on which date ?
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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.