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Banking Law Pre University Question Paper LLB

This document outlines the structure and content of an examination for the subject of Banking Law. It is divided into 4 parts with a total of 100 marks. Part A contains 15 multiple choice questions worth 1 mark each, covering topics like hypothecation, EXIM bank, railway receipts, endorsements, bills of lading, foreign banks, MICR, fixed deposits, allonge, nationalization of banks, and features of negotiable instruments. Part B contains 5 short answer questions worth 5 marks each, requiring explanation of topics like traveler's cheques, distinguishing cheques from bills of exchange, hundi, garnishee order, and the three-tier structure of cooperative banks.

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KRISHNA VIDHUSHA
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598 views4 pages

Banking Law Pre University Question Paper LLB

This document outlines the structure and content of an examination for the subject of Banking Law. It is divided into 4 parts with a total of 100 marks. Part A contains 15 multiple choice questions worth 1 mark each, covering topics like hypothecation, EXIM bank, railway receipts, endorsements, bills of lading, foreign banks, MICR, fixed deposits, allonge, nationalization of banks, and features of negotiable instruments. Part B contains 5 short answer questions worth 5 marks each, requiring explanation of topics like traveler's cheques, distinguishing cheques from bills of exchange, hundi, garnishee order, and the three-tier structure of cooperative banks.

Uploaded by

KRISHNA VIDHUSHA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Subject: BANKING LAW Year: II

Subject Code: L3OP8 Semester: IV


Course: L.L.B.,(HONS.) Duration: 10 AM-1PM
Max.Marks:100

PART-A
Answer All questions. 15X1=15

1. Hypothecation means -
A. A bailment of goods as security for payment of debt.
B. Creation of charge on moveable property.
C. Creation of charge on immoveable property.
D. All the above.

2. EXIM -
A. Export Import bank.
B. External Industry Mechanism.
C. Extra Import Machinery.
D. Exterior Import Management

3. Railway Receipts is
A. Receipt of goods and document to title of goods.
B. Contract of affrightment.
C. Both A and B.
D. None of the above.

4. Conditional Endorsements means -


A. Endorsing something with special features.
B. An endorsement with restrictions.
C. An endorsement by of the amount payable in part .
D. An endorsement where endorsee negatives his liability by putting some condition in the
Instrument.

5. A document of title of goods, signed by the carrier, acknowledging shipment of the goods
and containing terms and conditions of carrier.
A. Bill of Lading.
B. Wharfinger’s certificate.
C. Motor Transport Receipt.
D. Airway bills or Receipt.
6. Banks that are incorporated outside the country but doing banking business in India.
A. Nationalised banks.
B. Foreign banks.
C. Private banks.
D. Swadeshi banks.

7. MICR means -
A. Manual Inked Crossed Renewal cheques.
B. Machine Interpreted Cash Receiving cheques.
C. Magnetic Inked cash Recovery cheques.
D. Magnetic Inked Character Recovery cheques.

8. Fixed deposits are otherwise called as


A. Time deposits.
B. Accrued deposits.
C. Demand deposits.
D. Recurring deposits.

9. A Drawer in the Bill of Exchange can also be a


A. Creditor
B. Payee.
C. Banker.
D. Holder.

10. Allonge is
A. A paper attached with the instrument for further endorsement.
B. Instrument endorsed in favour of Drawee.
C. Cheque endorsed by company on authorization.
D. Blank endorsement.

11. Nationalisation of 14 major commercial banks done in the year


A. 1959
B. 1942
C. 1935
D. 1969

12. The important feature of a Negotiable Instrument is


A. Right to Sue.
B. Free Transfer.
C. Transfer free from debts.
D. Both C and D.
13. Banking transaction that takes place in a virtual ambience on the website of banking
company is termed as
A. Telephone banking.
B. Internet banking.
C. Modern Banking.
D. Mobile Banking.

14. Payment in due course must be -


A. Payment according to apparent tenor and in good faith.
B. Payment in good faith and without negligence.
C. Payment without negligence.
D. Payment according to apparent tenor in good faith and without negligence.

15. What happens if a crossed cheque is presented for payment?


A. It can be paid only through a banker.
B. It cannot be paid at all.
C. It can be paid across the cunter in another bank.
D. None of the above.

PART-B-
Answer five Questions 5X5=25

16. Traveller”s cheque


17. Distinguish cheque and bill of exchange.
18. Hundi.
19. Garnishee Order.
20. Three Tier structure of Co-operative banks.
21. Functions of RBI.
22. Agency services of Commercial banks.

PART-C
Answer THREE Questions 3X15=45

23. Define Negotiable Instrument and explain the salient features of Negotiable
Instrument.
24. What are the civil and criminal liability for dishonour of cheque under Negotiable
Instrument.
25. Explain with illustrations: a) Endorsement in blank. b) Endorsement in full.
c) Conditional Endorsement. d) Restrictive Endorsement.
26. What are unsecured advances? What precautions should a banker take while
marketing unsecured advances?
27. Explain the monetary policy of RBI.
PART–D
Answer ONE Question. 1X15 =15

29. Mr. X executed a promissory note without affixing a revenue stamp. Is it valid? Discuss
with case laws.

30. “A” stole a cheque of “B” when B’s cheque book was on B’s table. “A” forged the signature
of “B” and presented for payment. The banker paid the amount to “A”. “B” sued the banker.
Decide.

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