LL.B. (Three Years) Sem 6 Law of Banking and Negotiable Instruments May 2025 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Q.1: Answer in not more than two sentences, attempt any six (12 Marks - 2 marks each)

1. Q1 What is Unclaimed Deposit under B.R Act 1949?
2. Q2 What is the payment in due course as per the provisions of Negotiable Instruments Act, 1881?
3. Q3 What are the liabilities of the Issue Department of RBI?
4. Q4 What is inchoate stamped instrument?
5. Q5 When Instruments are payable on demand?
6. Q6 What is 'Scheduled Bank'?
7. Q7 What is 'Noting' and Who does it?
8. Q8 What is the mode of proof of entries in the Banker's Book Evidence Act, 1891?
9. Q9 What is 'hundi' under Negotiable Instrument Act, 1881?
10. Q10 Explain the term 'Order Absolute'.

SECTION II - Q.2: Write short notes, attempt any two (12 Marks - 6 marks each)

1. Q11 Types of Bill.
2. Q12 Licensing of Banks and their Branches.
3. Q13 Powers and functions of SEBI.
4. Q14 Holder in due course.

SECTION III - Q.3: Answer the following by giving reasons, any two (12 Marks - 6 marks each)

1. Q15 Analyse the following under the relevant provisions of the Banking Regulation Act, 1949: (i) Can a banking company carry on its business of banking in India without using the word 'bank', 'banker' or 'banking' as part of its name? (ii) A foreign banking company incorporated outside India desires to commence banking business in India and applies for a license to Reserve Bank. But the Government of that country does not allow opening of banks/branches by Indian banking companies.
2. Q16 State with reasons whether the following payments amounts to payment in due course. (i) A Bill of Exchange payable at a future date is paid before its maturity. (ii) An Instrument is paid before maturity and is successfully endorsed to another person. (iii) An Instrument payable to bearer or endorsed in blank payment to a person in possession of the instrument. (APRIL 2010)
3. Q17 State the reason whether the following instruments are inland instruments or foreign instruments? (i) A bill drawn in Dubai upon a merchant in Switzerland and accepted payable in Switzerland. (ii) A bill drawn in Mumbai on a merchant in Karnataka and accepted payable in Switzerland. (iii) A bill drawn in Mumbai on a merchant in Karnataka but endorse in Switzerland.

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