Mumbai University Solved Question Papers
Law of Banking and Negotiable Instruments
Previous Year Question Paper with Solution
BLS LLB 5 Years · Sem 10
Nov 2022 - 60/40 Examination
munotes.in
Mumbai
BLS LLB 5 Years Sem 10 Law of Banking and Negotiable Instruments Nov 2022 - 60/40 Question Paper with Solutions
Get access to whole semester resourcesSemester Pass
MU law student group
Free to join
First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.
munotes.in is an independent study resource for students of the University of Mumbai. It is not affiliated with the University of Mumbai, and is not endorsed by it.
The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the Nov 2022 - 60/40 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the Nov 2022 - 60/40 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Nov 2022 - 60/40 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 2 hours · Total marks 60 · 22 questions answered
Instructions printed on the paper
- N.B: Figures to the right include full marks assigned to the questions.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Answer in not more than two sentences, attempt any six
12 Marks - 2 marks each
(a)Define Banking Policy under the B.R. Act. 1949.[2]
Answer
The definition. Section 5(ca) of the Banking Regulation Act, 1949 says: "banking policy means any policy which is specified from time to time by the Reserve Bank in the interest of the banking system or in the interest of monetary stability or sound economic growth, having due regard to the interests of the depositors, the volume of deposits and other resources of the bank and the need for equitable allocation and the efficient use of these deposits and resources".
Its parts.
- Who sets it. The Reserve Bank, from time to time.
- Its aims. The interest of the banking system, monetary stability or sound economic growth.
- What it must weigh. The depositors' interests, the bank's deposits and resources, and the need to allocate them fairly and efficiently.
Where the Act uses it. "Banking policy" is a ground on which the Reserve Bank may act. The Reserve Bank may give directions to banks in the interest of banking policy (section 35A(1)(aa)). It may also determine the policy on advances in the interest of banking policy (section 21(1)).
Conclusion. Banking policy is any policy the Reserve Bank specifies for the banking system, monetary stability or growth (section 5(ca)). It must have regard to depositors and the efficient use of deposits.
The rest of the answers
The first answer is free. The rest come with the B.L.S. LL.B. 5 Years Semester 10 solved papers.
You have read the question paper and its first answer in full. Buy the solved papers once and you can read every answer of every solved paper in this semester.
Notes + Solved papers: ₹798 Already bought it? Sign in
Or solved papers only: ₹499
Or notes only: ₹499
The question paper itself stays free, and so does the syllabus.
Found an error in this volume? Report it and we will check it against the paper.