Maharashi Dayanand University (MDU) 2009-4th Year L.LB General Banking Law & Negotiable Instruments and Law of Insurance of LL.B annual of Department of Law, , Rohtak - Question Paper

Time allowed: three hours

Maximum marks: 100

Note: Attempt 5 ques. in all, by selecting at lowest 1 ques. from every unit. All ques. carry equal marks.

Unit one

1. describe Banking and its characteristics. Critically examine the provisions of Banking Regulations Act, 1949 in their application to Banking companies and Public Sector Banks.

2. explain the role of Reserve Bank of India in the development, control and functioning of Banks. Also explain the salient features of the Reserve Bank of India Act 1934.

Unit two

3. describe Negotiable Instrument and also explain its features? Enumerate the different types of negotiable instruments?

4. Write explanatory notes on the following:

a) Endorsement in blank and endorsement in full.

b) Liability of drawer and drawee of a cheque.

Unit three

5. explain the different types of endorsements and its effects. Enumerate the difference ranging from negotiation by delivery and by endorsement.

6. describe cheque as provided under the Negotiable Instrument Act. What do you understand by 'Crossing of Cheque'? explain the various types of crossing and its effects on negotiability and transferability of the cheque.

Unit four

7. explain the nature and principles of Insurance legal regulations. Also discuss the essential ingredients of a valid insurance contract.

8. Write a note on licensing of Insurance Agents.

Unit five

9. State the facts and principles of legal regulations laid down in Mithy lal Vs. Life Insurance Corporation of India AIR 1962 SC 814.

10. What is 'marine insurance'? explain its nature and scope in detail.

Earning:   Approval pending.