LL.B. (Three Years) Optional Papers Group 2 Banking Laws and Negotiable Instruments Act 2017-18 Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2. Figures to the right indicate full marks

1. Q1 in one or two sentences. 20 marks
   • a) Define a Bill of Exchange
   • b) What is truncated cheque?
   • c) Who is a “holder in due course" under Act?
   • d) What is Negotiation under N.I. Act?
   • e) What are cheques specially crossed?
   • f) What is the period and extended period for which a banking company can hold immovable property under B.R. Act?
   • g) Name any two forms of business which a banking company may undertake in addition to the banking business?
   • h) What are the assets of the issue department of the RBI?
   • i) What is contained in the third schedule of the RBI Act?
   • j) Define "Bankers' Book" under The Banker's Books Evidence Act?
2. Q2 notes (any four) 20 marks
   • d) Assets and Liabilities of Issue Department
   • e) Presumption as to negotiable Instruments
   • f) Different types of crossing cheques
3. Q3 Attempt any two of the following: 12 marks
   • a) Draft the format of the following (Assume the facts)
4. Q1 Promissory Note
   • ii) Bill of Exchange
   • b) State with reason whether the following instruments are inland instruments or foreign
   • i) A Bill drawn in Dubai upon a merchant in Florida and accepted payable in Florida
   • ii) A Bill drawn in Mumbai on a merchant in Karnataka but endorsed in Switzerland A Bill drawn in Mumbai on a merchant in Karnataka and accepted payable in
   • c) Whether the Bank is justified in refusing the payment of a cheque in the following conditions. Give reasons
5. Q1 A cheque is dated 01.03.2018 and presented for payment on 25.02.18 A cheque is dated 01.03.201 and presented as for payment on 01.07.2018
   • iii) The amount of the cheque written in words as Rs. Five lakhs only whereas in the following (Any four) (48)
   • a) Compare and contrast Promissory Note, Bill of Exchange and Cheque
   • b) Discuss the provisions under Sec. 138 of the N.I. Act. With regard to the procedure for filing a case for Dishonour of a Cheque
   • c) Discuss various Powers and Functions of the RBI under Sec 17 and 19 of the RBI Act
   • d) Explain the forms of business in which a Banking Company may engage in under the provisions of Banking Regulations Act 1949 (Sec 6)
   • e) Crossing of cheques under N.1. Act
   • f) Composition, Management of Central Bank and local Boards of RBI
6. Q2 are
7. Q3 ATA 4 0/

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