LLB 3 Years Sem 6 Banking Laws Nov 2016 Law Of Banking And N I Act Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate marks

1. Q1 Answer in not more than two sentences 20 marks
   • (a) What is an "ambiguous instrument"?
   • (b) What are the demand and time liabilities of a bank? “f What is an " electronic cheque",
   • (d) What is the definition of "Rupee Coin" under the 1934 Return of unclaimed deposits under the Banking Act, 1949,
   • (f) What is the definition of banking' under the Regulation Act,
   • (g) Who is a ‘Managing under the Bankigg Regulation Act, 19499
   • (h) Deposit of amount of debt due, on filing under the Recovery of Debts Due to Banks and Act, 1993, Who is an ‘Acceptor for honour ‘undgry Negotiable Instruments Act,
   • G) When the day on which a Promigsory Note is at maturity is a public holiday, when shall the deemed to be due? Write short notes on any 20
   • (a) Inchoate stamped
   • (b) Negotiation back, &
   • (c) Restrictions by RBI on the issue of Demand Bills and Notes
   • (d) The securities anu Exchange Board of India ie (e) Licensing under the Banking Regulation Act, 1949,
   • (f) Debt Tribunal, Answer the by giving reasons (any two):- 12
   • (a) the following under relevant provisions of the Banking A banking company commences its business and its paid up capital is less than one half of its subscribed Capital li) 'A' approached the bank for a loan of Rs 20 crores for his business av He is ready furnish the security and One of the directors of the bank is ready to become the guarantor can 'A' get a loan
   • Q.P. Code: 305800 ili. RBI issues a Circular to all commercial Banks that they shall not charge that 10 % On their agricultural lone. The district court Of Pune passes a decree against ABN Bank that the rate of interest (14%p.a.on agricultural loans) is excessive, \
   • (b) State with reasons whether the following instruments are inland \ or foreign instruments? S$
2. Q1 A bill drawn in Mumbai on a merchant in but in \ li) A bill drawn in Delhi on a merchant in Calicut and payable ili) A bill drawn in Brussels upon a merchant in NSW York payable in
   • (c) Discuss with reasons how a banker with the following
   • i) There is a credit balance in the of A. The banker Wishes to set this off against an overdraft i@the joint name of A and B
   • ii) An Income-Tax Officer the bank and requests to know the balance in the account valuable customer. He informs the bank that this to recover arrears of tax payable to the Income Tax De ili) X,a customer, has jewels worth Rs. 5 lakhs for safe Custody. X becomes indebted to the bank,
3. Q4 Answer the following 48 marks
   • (a) What is endor Discuss the Various types of endorsements and their effects der the N.I. Act
   • (b) Explain types of crossings and their effects on a Cheque as
   • (c) dishonour of a Negotiable Instrument? Explain the under which a bank is justified in dishonouring a cheque?
   • (d) various provisions of RBI Act, 1934, and BR Act, 1949, relating maintenance of Cash Reserve Ratio (CRR) and Statutory Liquid Explain the forms of business in which a banking company may engage in under the Provisions of Banking Regulation Act, 1949,
   • (f) Write explanatory notes on Bankers Book Evidence Act, 189]

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