BLS LLB 5 Years Sem 10 Law of Banking and Negotiable Instruments Solved Question Papers with Answers 2011 to 2026 - Mumbai University | munotes

Law of Banking and Negotiable Instruments is five statutes and a regulator: the Negotiable Instruments Act, 1881, the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the Recovery of Debts and Bankruptcy Act, 1993, the Bankers' Books Evidence Act, and SEBI. Twenty-eight papers are solved here, from November 2010 to May 2026. They set 649 questions, which come down to 301 distinct answers. 127 questions are set more than once, and between them they fill 475 of the printed places.

Two topics lead the long answers. Of the 24 papers that set 12 or 13 mark questions, 22 set at least one long answer on the Reserve Bank of India Act: the Bank's powers and functions, its business under sections 17 to 19, its Central Board, its credit information powers or the cash reserve. Eighteen set one on dishonour, either of a cheque under section 138 or of any instrument, with notice, noting and protest. The comparison of the promissory note, the bill of exchange and the cheque is set in ten papers in almost the same words.

The short questions repeat even more. The Debts Recovery Tribunal is a short note in twelve papers. Four 2 mark questions are each set in nine: the mode of proof of entries under the Bankers' Books Evidence Act, unclaimed deposits under the Banking Regulation Act, what noting is and who does it, and the ambiguous instrument. Demand and time liabilities, and the role of SEBI, are each set in eight.

The problems need care with dates. Ten papers ask whether a drawee bank was right to refuse a cheque, eleven times in all, and the dates on the cheque decide most parts. A cheque dated on or after 1 April 2012 is valid for three months, but one dated earlier kept six. So the 2010, 2011 and 2012 problems come out differently from later ones with similar facts, and each is answered on its own dates. Seven papers set a section 138 problem with its own sums and dates.

Check which pattern you are sitting. Up to 2019, and for the B.L.S. paper of May 2023, the paper was 100 marks: ten 2 mark questions, four short notes out of six, two problems out of three, and four long answers out of six. From November 2022 it has run at 60 marks, with two long answers of 12 out of four. Since May 2025 the LL.B. paper has been 75 marks, with three long answers of 13 out of five. The online paper of 2021-22 set twenty multiple choice questions and ten short answers, with no marks printed.

Some of the law in these answers is newer than most of the papers. The Bankers' Books Evidence Act, 1891, asked about in 21 papers, was repealed by the Bankers' Books Evidence Act, 2026 from 1 October 2026, and the answers give both. The Banking Laws (Amendment) Act, 2025 allows a depositor up to four nominees and raised substantial interest to two crore rupees. The Reserve Bank's Central Board has had two Government officials since 2012, not one. And since 25 August 2026 the Tribunals Reforms Act, 2026 governs the appointment of a Tribunal's Presiding Officer and the Appellate Tribunal's Chairperson.

A few facts about the files will save you confusion. Twenty-seven of the 28 papers are the same PDF on both course pages, and May 2024 is one paper printed under two codes. The two May 2025 scans lack their second page, so the fourth Q.3 question and all of Q.4 are not on those pages, and the November 2010 copy holds page 1 only. November 2014 prints a total of 60 marks on a paper worth 100, and November 2015 prints its Q.4 choice only in the Marathi, any four.

These are model answers prepared by munotes. They are a study aid and not official University answer keys, which the University of Mumbai does not publish.