LL.B. (Five Years) Sem 10 Law of Banking and Negotiable Instruments May 2026 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Q.1: Answer in not more than two sentences, attempt any six (12 Marks - 2 marks each)

1. Q1 Define the term 'Negotiable Instrument'.
2. Q2 What is meant by 'Crossing of Cheque'?
3. Q3 Define 'Banking Company' under the Banking Regulation Act, 1949.
4. Q4 What is the meaning of 'Payment in Due Course'?
5. Q5 What is the role of the Central Board of Directors under the RBI Act, 1934?
6. Q6 What is a 'Post-dated Cheque'?
7. Q7 What is 'Minimum Paid-up Capital' of a Banking Company under B.R. Act?
8. Q8 What is a 'Demand Liability'?

SECTION II - Q.2: Write short notes, attempt any two (12 Marks - 6 marks each)

1. Q9 Endorsement and its types.
2. Q10 Functions of Reserve Bank of India.
3. Q11 Rights and obligations of a banker and customer.
4. Q12 Presumptions under the Negotiable Instruments Act.

SECTION III - Q.3: Answer with reasons, attempt any two (12 Marks - 6 marks each)

1. Q13 A cheque dated 10.01.2024 is presented for payment on 20.07.2024. The bank refuses to pay. Is the bank justified? Give reasons.
2. Q14 Mr. A drew a bill on Mr. B payable three months after date. Mr. B accepted it but failed to pay on maturity. Explain the liability of parties under the N.I. Act.
3. Q15 A Banking Company deals in buying and selling goods. Is this valid under the Banking Regulation Act, 1949?
4. Q16 Mr. X issues a cheque of ₹5,00,000 which is dishonoured for insufficiency of funds. State the time limits for notice and filing of complaint under Section 138.

SECTION IV - Q.4: Long answer type questions, attempt any three (39 Marks - 13 marks each)

1. Q17 Discuss the powers and functions of the Reserve Bank of India under the RBI Act, 1934.
2. Q18 Explain the process and conditions for granting licenses to banking companies under the Banking Regulation Act, 1949.
3. Q19 Elaborate on the provisions of dishonour of cheque and penalty under Sections 138 to 142 of the Negotiable Instruments Act.
4. Q20 Discuss the structure and jurisdiction of the Debt Recovery Tribunals (DRTs).
5. Q21 Compare Promissory Note, Bill of Exchange, and Cheque.

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