Bangalore University 2006 B.Com V semester , ember/ember (Semester scheme) (COMMERCE (-4.5) Law and Practice of Banking - Question Paper

V semester B.Com examination, November/December 2006
(Semester scheme)
(COMMERCE (Paper-4.5)
legal regulations and Practice of Banking
Time : three hrs

max. marks:90
SECTION-A


1. Answer any 10 sub-questions. every sub ques. carries two marks (10x2=20)
a) Define Customer.
b) Who is paying banker?
c) What is overdraft?
d) Define Endorsement.
e) Give the meaning of standing instruction.
f) What is a Credit Card?
g) What is Banker lien?
h) Who is an executor?
i) What is a letter of Credit?
j) Define Mortgage.
k) What are the Negotiable instruments?
l) What is payment in due course?

SECTION-B

ans any 5 of the subsequent. every ques. carries five marks.

2. What are the special relationship ranging from banker and customer?
3. Comment on the banker's obligation to maintain the secrecy of his customer account.
4. Give a note on the Mandatory Functions of paying Bankers.
5. What are the precautions a banker should take while dealing with Joint Hindu Family?
6. What are the various types of short term borrowing facilities granted by Banks?
7. What are the legal provisions regarding endorsement?
8. What are the agency services rendered by a Banker?
9. Explain the various kinds of N.R.I. Account.

SECTION-C

ans any 3 of the subsequent. every ques. carries 15 marks.

10. Who is a Collecting Banker? Briefly explain the statutory protection provided to him.
11. Under which circumstances cheques are dishonoured? elaborate the consequences of wrongful dishonour of a cheque?
12. What are the precautions a banker should take in dealing with the Joint Account Holders?
13. What are the principles a Banker should follow before granting loans and advances?
14. Write a note on the following:
a) Right to set off
b) Garnishee order
c) Lien.

Earning:   Approval pending.