LLB 3 Years Sem 6 Banking Laws Apr 2014 Law Of Banking And N I Act Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 Answer in not more than two sentences. 20 marks
   • (a) What do you mean-by ‘approved securities’?
   • (b) What is maturity of Bill of exchange?
   • (c) What is countermanding of a cheque? What are the liabilities of issue department of RBI?
   • (e) Who can endorse a negotiable Instrument? What is the duration for which a member of a local board can hold office under
   • (g) What is a schedule Bank?
   • (h) ‘ What is a negotiable Instrument?
   • (i) Define ‘Drawer’ ‘Drawee’ and ‘payee’ of a Bill of
   • (j) What is the intepretation of term ‘demand and time liabilities’ as per the
2. Q2 Write short notes on any four 20 marks
   • (a) ‘Holder’ under Negotiable Instrument Act
   • (c) RBI asa Banker and adviser to the government Winding up of Banking Company
   • (f) Noting and protesting Answer the following by giving reasons (any two) 12
   • (a) (i) State with reasons whether the following payments amount to payment in
   • (i) A bill of Exchange payable at a future date is paid before its maturity
   • (ii) An instrument is payable to ‘A’ or his order and it isn’t endorsed by him is paid to B who is in actual possession of the instrument
   • (iii) An instrument is paid before maturity and is successfully endorsed to
   • (b) (i) Analysis the following under the prevelant provisions of Banking Regulation
   • (i) company carry on its business of banking in India without using the words ‘bank’ ‘banker’ or ‘banking’ as part of its name?
   • (ii) A foreign banking company incorporate outside India desire to commence banking business in India and applies for a license to RBI. But the Government of that country does'not allow opening of banks/branches by Indian banking companies
   • (c) (i) ‘A’ approached the bank for a loan of Rs. 10 crores for his business. He is ready and willing to furnish the security and one of the directors of the bank is ready to become the guarantors can ‘A’ get a loan?
   • (ii) ‘x’ a payee of a cheque for Rs. 100000/- presents it for encasement. The balance in the account is found to be Rs. 96000/- should the bank pay Rs. 96000/- to x if he is willing to accept in full satisfaction?
3. Q4 the following (any four) 48 marks
   • (a) Explain the composition of Central and Local Boards of Directors under RBI Act 1934
   • (b) What is crossing of a cheque? State the kinds of crossing
   • (c) Briefly discuss the provision of Banking Regulation Act 1949 relating to
   • (i) Licensing of banking
   • (ii) Constitution of Board of
   • (d) Define Bill of exchange. How does it differs from Promissory Note?
   • (e) What is dishonour, of a Negotiable Instrument? Explain the circumstances under which a bank is justified in dishonouring of a cheque
   • (f) Explain powers and functions of SEBI
4. Q2 feat 20 marks
5. Q3 aT
   • (3) Ta
   • (3) feed

Read from the scan above, so a character or two may differ. The scan is the original.