Punjab University 2006 M.Com Banking OPERATIONS AND PROCEDURES - Question Paper

M.com(Banking) exam May 2006 - BANKING OPERATIONS AND PROCEDURES


BANKING OPERATIONS AND PROCEDURES

(For those who joined in July 2003 or after)


Time: 3 hours Maximum: 100 marks

part A ~ (4 x 10 =40 marks)

ans any 4 ques.. AIl ques. carry equal marks.

1. explain banker-customer relationship.
2. Point out the effects of entries in the pass book which are favourable to the customer.
3. State the precautions to be taken by a banker before opening an account in the name of a
minor.
4. What do you mean by MICR cheques? State its advantages.
5. What do you understand by payment in due course?
6. discuss any 4 kinds of endorsements.
7. What do you mean by STEPs?
8. What is a letter of credit?

part B - (3 x 20 =60 marks)
ans any 3 ques.. All ques. carry equal marks.


9. State and discuss the circumstances under which a banker can exercise lieu.
10. What precautions should a banker generally take while opening an account in the name of a
(a) Trust, (b) Married woman, (c) Minor (d) Partnership firm?
11. When can a banker refuse payment for cheques?
12. describe crossing and discuss various kinds of crossing.
13. explain the statutory protections as available to a paying banker.
14. describe guarantee and analyse different types of guarantee.

Earning:   Approval pending.