LLB 3 Years Sem 6 Banking Laws Nov 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) Define ‘Drawer’, Drawee’ and ‘Payee’ of a Bill of exchange
   • (b) Define ‘Crossing ofa cheque ‘under Negotiable Instruments Act, 1881
   • (c) Whatis ‘inland’ and ‘foreign’ instrument ?
   • (d) Whatis due
   • (e) the period and the extended period for which a banking company. can hoic () Whatare ‘substantial interest’ under the Banking Regulation Act, 1949,
   • (g) Maximum period for which moratorium can be granted under Banking Regulation Act,
   • (h) Whatis the definition of ‘Rupee Coin’ under RBI Act, 1939 Whatis the mode of proof of entries in the Bankers Books Evidence Act, 1891 the definition of “debt” under the Recovery of Debts due to the Banks and
2. Q2 Write on any four 20 marks
   • (b) Reserve Bank as the lender of last resort
   • (c) Maturity of Promissor Note and Bill of and calculation thereof Circumstances under which the banker is justified in dishounoring a cheque
   • (f) Assets and liabilites of the issue department of Reserve Bank
3. Q3 following by givingreasons (any two) (a2) of the following under therelevant provisions of Banking Regulation @) a circular to all banks that they shall not charge interest over and above 6% p.a. on their educational loans ABC Bank in Mumbai without taking permission of RBI opens up anew place of business in Goregaon East for the month of May to facilitate a trade 12 marks
   • (b) Analyse the following under the relevant provisions of Banking Regulation Act, 1949 ABCBankhas been doing banking business in India for last 10 years and has also been engaging in trading of goods
   • (i) The Bank transfers 45% of its profits to its Reserve Fund to strengthen its
   • (c) State giving reasons whether the drawee bank is justified in refusing payment ofacrossed @) crossed generally and presented to the drawee bank across the counter for payment in cash
   • (i) crossed specially to a banker A and presented to the drawee bank by a banker B for collection
   • (ii) crossed specially to two banks A and B and presented to drawee bank by bank A alone for collection
4. Q4 Answer the following 48 marks
   • (a). contrast Promissory note, Bill of Exhange end a Cheque
   • (b) Explain the various provisions relating to notice of instruments by non acceptance and non payment. When is notice of dishonour unncessary ?
   • (c) Discuss the various provisions of N egotiable Instruments Act, 1881 relating to noting and
   • (d) Discuss the various provisions of Reserve Purik of India Act, 1934 and Banking Regulation Act, 1949 relating to maintenance of Cash Reserve Ratio (CCR) and Statutory Liquid
   • (e) Explain how the Banking 934 seeks to regulate managerial structure of company in of compositions, appointment and removal of the Directors of the Board, Chairman and other staff
   • (f) Explain powers and functions of Securities and Exchange Board of India
5. Q2 fear :
   • (S) ST
6. Q3 set : Ga fered AT
   • (2) APT
   • (3) HSS, Ta, a

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