LLB 3 Years Sem 6 Banking Laws May 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 the following in not more than two sentences:
   • (a) Define a Bill of exchange
   • (b) What is endorsement in Blank What is 'inland' and 'foreign' instrument?
   • (d) What is Negotiation? What is the period and the extended period for which a company can hold immovable property?
   • (f) What is under the Banking Regylotion Act, 1949
   • (g) What is the interpretation of the term Banking, undgt the Banking
   • (h) What is the definition of 'Rupee Coin'under Act, 1939,
   • (i) What is the mode of proof of entries in Books Evidence
   • (j) What is the definition of "unclaimed under the Bnaking
2. Q2 Write Short Notes on any four 20 marks
   • (b) Reserve Bmk as Last Resort
   • (c) Noting and
   • (d) Presumptions undgx NI Act as Special Rules of Evidence
   • (e) Debt Recovery
   • (f) Assets and ities of the issue department of The Reserve Bank Answer the fousWing by giving reasons (any two):- 12
   • (a) the following payments amount to payment in due course
   • i) of Exchange payable at a future date is paid before its maturity An instxrumtent is payable to' or his 'order' and it is not endorsed by him but paid to 'B' who is in actual possession of the instrument ili) An instrument is paid before maturity and is subsequently endorsed
   • Q.P. Code : 305802 to another person
   • (b) Analyse the following under the relevant provisions of The Banking fae
   • i) ABC Bank has been doing banking business in India for the last 10 years and has also been engaging in trading of goods
   • ii) The Bank transfers 45% of its profit to its Reserve Fund to strengthen its capital base
   • (c) State giving reasons whether the drawee bank is justified in payment of a crossed cheque:
   • i) The cheque is crossed generally and presented to the bank across the counter for payment in cash
   • ii) The cheque is crossed specially to a banker A and to the drawee bank by banker B for collection
   • iii) The cheque is crossed specially to two banks A and presented to drawee bank by bank A alone for collection, >
3. Q4 Answer the following (any four): 48 marks
   • (a) Compare and contrast Promissory note Bill of Exchange and a
   • (b) What are-the various provisions to dishonour of cheques under the NI Act and what is the-procedure of filing a complaint
   • (c) What is the composition Central Board and the Local Boards and their functions und& RBI Act
   • (d) Discuss the various provisions of Reserve Bank of India Act, 1934 and Banking Act, 1949 relating to maintenance of Cash Reserve Ratio (GRR) and Statutory Liquid Ratio (SLR)
   • (e) Explain howcfhe Banking Regulation Act, 1934 seeks to regulate Structure of a banking company in matters of appointment and removal of the Directors of the Board, and other staff
   • (f) What is the business that the RBI may transact under Section 17 and the bank may not transact under Section 19 of the RBI Act
   • Q.P. Code : 305802
   • (3) aim, S
   • Q.P. Code : 305802
4. Q3 ata
   • (2) are fear
   • (a) FAR
   • Q.P. Code : 305802

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