LLB 3 Years Sem 6 Banking Laws Nov 2014 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
   • (a) Whatis an ‘Ambiguous
   • (b) in full'and 'endorsement in
   • (c) What is a Garnishee Order?
   • (d) What is ‘noting’ and who does It? “What is 'maturity' and of What is the definition of "Rupee Coin" under the RBI Act,1934, What is the definition of 'banking' under the Banking Act,1949? (bh) What is definition of 'Unclaimed deposits' under the Barking Regulation
   • (i) | Whois an executive head of RBI ? How many are central
   • (j) What is the mode of proof of entries in the Bankers Books Evidence
2. Q2 Write short notes on any four Role of Securities and Exchange Board of India 3 marks
   • (b) Licensing of banks and their Holder and Holder under the Negotiable Instruments Noting and Protest
3. Q3 Answer the following by, giving reasons (any two) : 12 marks
   • (a) Analyse the following:
   • (i) In-respect of an account held by a customer 'A' the bank receive n order for a value.of Rs.1,00,000/-.Can it honour cheques out of funds over and above Rs. 1,00,000/ is an account holder bank. On the 21-06-2014 a suit of insolvency is filed in the High Court by his creditors. The court appoints an official receiver on the 22-09-2014.The bank receives a cheque of Rs.50,000/- signed by the account holder on the 27-09-2014.Should the bank honour the cheque?
   • Q.P. Code : 04039
   • (b) State whether the following are promissory notes or not and give reasons: I promise to pay to 'B' Rs. 1,000/- and to deliver to him my car on
   • (ii) I promise to pay Rs. 1,000/- on D's death, provided D enough to pay that sum I promise to pay to '8' Rs. 1,000/-and all other sums which shall be due to him
   • (c) Analyse the following under the relevant provisions of the Banking
   • (i) company commences its business and its paid up Jess than half of the authorized capital
   • (ii) . Cana banking company deal in buying or selling or bartering of in addition to the business of banking?
   • (iii) Can a banking company create any charge upén any of its unpaid 4, Answer the following (any four):— 48
   • (a) - What is dishonor of a Negotiable Instrument? Explain the circumstances under which a bank is justified in dishonouring of a cheque? What are the various presumptions as to Negotiable Instruments as special rules of evidence? 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 seeks to regulate managerial structure of a banking company in matters of composition, appointment and removal of the Directors of the Board,Chairman and other staff
   • (e) various provisions of Reserve Bank of India Act,1934 and Banking Act,1949 relating to maintenance of Cash Reserve Ratio(CRR)
   • (f) Explain the provisions of Reserve Bank of India Act,1934,relating to collection and furnishing of credit
   • Q.P. Code : 04039
   • (2) alt 7
   • (3) seat :
   • (iii) /— SH

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