LLB 3 Years Sem 6 Banking Laws Dec 2012 Law Of Banking And N I Act Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer in not more than two sentences :— 20 marks
   • (a) What is inland and foreign instruments ?
   • (b) What is the qualification for appointment as ‘presiding officer’ of a Tribunal under Recovery of Debts due to Banks and Financial Institution Act 1993 ?
   • (c) What are the demand and time liabilities of the banks ?
   • (d) Define ‘Cheque’ under Negotiable Instruments Act
   • (e) What is an “ambiguous instrument” ?
   • (f) What are the assets of the issue Department of the Reserve Bank ?
   • (g) What is the capital of the Reserve Bank and who holds it ?
   • (h) What is a ‘Negotion’ ?
   • (i) What is a ‘Scheduled Bank’ ?
   • (j) | Whatis the defination of the Bankers’ Books, under Bankers’ Books Evidence Act, 1891 ?
2. Q2 Write short notes on any four 20 marks
   • (a) Reserve Bank as ‘Government Bank and advisor to the government
   • (b) The securities and Exchange Board of India (SEBI)
   • (d) ‘Holder’ under Negotiable Instrument Act
   • (e) Licensing of banks and their branches
   • (f) Circumstances under which the banker is justified in dishonouring a cheque
3. Q3 Anser the following by giving reasons (any two) :— 12 marks
   • (a) Analyse the following under relevant provisions of the Banking Regulation Act
   • (i) company commences its business and its subscribed capital is less than half of the authorised capital
   • (ii) company deal in buying or selling or bartering the goods in addition to the business of banking ?
   • (iii) company creak any charge upon any of its unpaid capital ?
   • (b) State giving reasons whether the drawee bank is justified in refusing the payment
   • (i) The cheque is dated 01-05-2012 and is presented for payment on 01-04-2012
   • (ii) The cheque is dated 01-01-2012 and is presented for payment on 12-05-2012
   • (iii) The amount of the cheque stated in words as four hundred where as in figure as 40/- only
   • (c) Analyse the following under relevant provisions of the Banking Regulation Act
   • (i) Cana banking company carry on its business of banking in India without using the words ‘banks’, ‘banker’, ‘banking’ as parts of its name ?
   • (ii) company hold any immovable property, othewise than acquired for its own use ?
   • (iii) Can a banking company pay Dividend on its shares before writting off completely its all capitalised expenses
4. Q4 Answer the following (any four) :—
   • (a) Define Bill of Exchange ? the essential ingrediants ofa valid Billof 48 Exchange ? Compare Bill of Exchange as cheque
   • (b) What are the core functions of Reserve Bank as a central Bank of India ?
   • (c) Discuss the various types of endorsement under the Negotiable
   • (d) Discuss the provisions of Banking Regulation Act 1949 relating to restriction on opening of new and transfer of existing place of business Explain the provisions of Reserve Bank of India Act, relating to collection and furnishing of credit information
   • (f) Write Explanatory Note on Bankers ‘Books Evidence Act’ 1891
   • (a) dad ga ?
5. Q2 fear :
6. Q3 sat :
   • (3) ‘ae’,
   • (2) stares
   • (4) ate

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