LLB 3 Years Sem 6 Banking Laws Nov 2010 Law Of Banking And N I Act Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.S. Figures to the right indicate full marks assigned to the questions

1. Q1 Answer the following 20 marks
   • (a) What is an "Ambiguous Instrument" ? e (b) Who is a “holder as defined in the Negotiable Instrument Act?
   • (c) What is the Garnishi Order?
   • (d) What is a negotiation?
   • (e) Which are the instruments payable on demand?
   • (f) is the definition of "Bankers Books" under the Bankers Books Evidence
   • (g) What is the definition of "debt" under the "Recovery of debts due to the banks and Financial Institutions Act 1993 ?
   • (h) What is the definition of "Rupee Co;r;" under the Reserve Bank o~ )n61a
   • (i) What is the capital of Reserve Bank and who holds it ?
   • (j) | What is the definition of "Banking Policy" under the Banking Regulation Act, Write short on any four :- 20
2. Q2 (a) Accommodation bills
   • (b) Holder in due course
   • (c) Bili in sets
   • (d) Reserve fund of the banking company
   • (f) | Reserve Bank Lender of the last resort Answer the following by giving reasons (any two) :- 12
   • (a) Analyse the following under relevant provisions of the Banking Regulation Act:
   • (i) A banking company cummences its business and its subscribed capital is less than half of the authorised capital
   • (ii) Can a banking company deal in buying or selling or bartering the goods in additions to the business of banking ?
   • (iii) Can a banking company create any charge upon any of its unpaid
   • (b) State giving reasons whether the drawee bank is justified in refusing the payment of a cheque ?
   • (i) The cheque is dated 01-05-2010 and is presented for payment on
   • (ii) The cheque is dated 01-01-2009 and presented for payment on
   • (iii) The amount of the cheque is stated in words as Rs. four hundred only whereas in figures as Rs. 40/- only

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