LLB 3 Years Optional Papers Group 2 Banking Laws And Negotiable Instruments Act 2018-19 Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q1 Answer in one/two sentence/s 20 marks
   • a) What is the period and the extended period for which a banking company can hold immovable
   • b) What is the definition of unclaimed deposits under Banking Regulation Act?
   • c) What is ‘maturity’ and ‘days of grace?
   • d) What is the definition of “Rupee Coin” under RBI Act, 1934?
   • e) What is the definition of ‘Banking Policy’ under the Banking Regulation Act, 1949
   • f) What are the demand and time liability of a bank?
   • g) ‘Acceptor for honour’ under the Negotiable Instrument Act 1881?
   • h) Deposit of amount of debt due on filing appeal under the Recovery of Debts Due to Banks and
2. Q1 What is the mode of proof of entries in the Bankers Books Evidence Act, 1891?
   • j) What is an ‘ambiguous instrument’?
3. Q2 Short Notes- Attempt any four: 20 marks
   • a) The Security and Exchange Board of India
   • b) Licensing of banks under the Banking Regulation Act,1949
   • d) Inland and Foreign Bills
   • f) Negotiation back
4. Q3 Attempt any two of the following: 12 marks
   • a) Analyse the following:
   • i) In respect of an account held by a customer ‘A’ the bank receive an attachment order for a value of Rs.1,00,000/-. Can it honour cheques out of funds over Rs.1,00,000/-?
   • ii) ‘A’ is an account holder with a bank. On the 21.6.2017 suit of insolvency is filed in the High Court by his creditors: The court appoints an official receiver on the 22.09.2017. The bank received a cheque of Rs. 50,000/- signed by the account holder on the 27.09.2017. Should the bank honour the cheque
   • b) Discuss the following banker should deal with the following situation:
   • i) There is a credit balance in the account of A. The banker wishes to set off against an overdraft in the joint name of A and B
   • ii) has deposited jewels worth Rs.5 lakhs for safe custody. Subsequently X becomes indebted to the bank
   • Q.P. Code :27029
   • iii) An income tax officer approaches the bank and requests to know the balance in the account of a valuable customer. He informs the bank that this information is require recover arrears of tax payable to the Income tax Department?
   • c) a customer ‘A’ keeps a fixed deposits of Rs.50 lakhs in a bank in his own name for a period of five years and nominates “B’ as his nominees who is not related to him. A dies on 25.01.2017 and ‘B’ claims the deposits. ‘C’ the nephew of also claims the deposit under a will which has not been probated:
5. Q1 What are the provisions under Banking Regulation Act 1949 regarding nomination for payment of depositors money
   • ii) How should the bank deal with the claim of and ‘C’
6. Q4 Attempt any four of the following 48 marks
   • a) Explain the various types of crossing and their effects on a cheque as permitted under the N_I
   • b) Explain the provision of Reserve Bank of India Act 1934 relating to collection and furnishing
   • c) What is the difference between Holder and Holder in due Course? Discuss various rights and privileges of a holder in due course
   • d) Explain how the BR Act seeks to regulate managerial structural of banking company in matters of composition, appointment and removal of the directors of the Board, Chairman and other
   • e) Explain the forms of business in which banking company may engage in under the provision of
   • f) Compare and contrast Promissory Note, Bill of Exchange and a Cheque
   • Q.P. Code :27029 Please check whether you have got the right question paper
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   • Q.P. Code :27029
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   • Q.P. Code :27029
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