LLB 3 Years Sem 6 Banking Laws Apr 2015 Law Of Banking And N I Act Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following in not more than two sentences :— 20 marks
   • (a) Explain the term ‘Order Nisi’ ?
   • (b) instrument’ ?
   • (c) Whatis noting and who O
   • (4) Explain Endorsement in blank?
   • (e) Whatis “Bank Rate” as per RBI Act, 1934?
   • (f) Whatare the assets of the issue department of the Reserve Bank ?
   • (g) Whatis “Legal Proceeding” under the Bankers ‘Books Evidence Act,
   • (h) Whatis the qualification for appointment as “Presiding officer” ofa Tribunal under Recovery of Debts due to Bank and Financial Institution Act, 1993 ? () Whatis the definition of “unclaimed deposits” under the Banking Regulation Act, 1949 the definition of “Banking Policy” under the Banking Act, 1949,
2. Q2 on anyfour:— Y 20 marks
   • (a) banker and adviser to the government
   • (c) Regulation ofmanagerial structure under Banking Regulation Act, 1949
   • (d) DebtRecovery Tribunal
   • (e) due course. ,
   • (f) Maturity of Promissory Bill of Exchange and Calculation thereof
3. Q3 Answer the following by giving (any two)
   • (a) State whether the follwing are promissory notes or not and give reasons :— I to pay ‘B’ Rs. 500 and to deliver to him my black horse on 1 Gi) to pay to ‘B’ Rs. 500 on D's death, provided D leaves me a life
   • (ii) Iackowledge myself to be indebted to B in Rs. 2000 to paid on demand, for 01-03-2010, a customer ‘A’ keeps a fixed deposit of Rs. 50 lakh in a bank in his & ownname for a period of five years and nominates ‘B’ as his nominee who is not related to him. A dies on 25-01-2014 and ‘B’ claims the deposit. the nephew of ‘A’ also claims the deposit under a will which has not been probated () the provisions under the Banking Regulation Act, 1949 regarding: nomination for payment of depositors money Howshould the bank deal with the claims of ‘B’ and ‘C’ ?
   • (c) Whether justified in refusing the payment ofa cheque in the following conditions @) Acheque is issued on an account by ‘A’ on the funds of this account the bank ‘ has a set off against a loan taken by ‘A’
   • (i) on and is presented to the bank for
   • (ii) ‘ABC’ Bank receives a cheque dated 22-12-14 drawn by ‘D’ the cheque is presented for payment on 22-01-2015, the bank has been notified of the lunacy of as on 26-12-14
4. Q4 following (any four) :— ia) 48 marks
   • (a) Whatare the various presumptions as to Negotiable as to special rules of
   • (b) Whatis crossing of a cheque ? Explain the various types of crossings along
   • (c) Briefly discuss the provision of Banking Act, 1949 relating to:
   • (i) Licensing of Co-operative banks and their branches
   • (d) Discuss various provisions of Reserve Bank of India Act, 1934 and Banking Regulation Act 1949 relating to Cash Reserve Ratio (CRR) and statutory liquid ratio
   • (e) the core of Reserve Bank as a central Bank of India ?
   • (f) Explain powers of SEBI
5. Q3 sat :
   • (2) Goo /
   • (2) ae
   • (a) AT
   • (3) (AN) ?

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