B.B.A-B.B.A PRACTICE AND LAW OF BANKING I (Alagappa University - Directorate of Distance Education-2012)

DISTANCE EDUCATION
B.B.A. (Banking) / B.B.A. (Banking) (Lateral) DEGREE EXAMINATION, MAY 2012.
PRACTICE AND LAW OF BANKING — I
(2005 onwards)
Time : Three hours Maximum : 100 marks
PART A — (5 × 8 = 40 marks)
Answer any FIVE questions.
1. Examine the Legal obligation of a banker to maintain secrecy in respect of his customer's accounts.
2. What are the main features of fixed deposit?
3. What precautions should a banker take in opening and operating an account in the name of a Joint Stock Company?
4. Define a cheque. State the requisites of a valid cheque.
5. Who is a holder in due course? What are the rights of a holder in due course?
6. Under what circumstances a banker can close his customer's account? To whom should he pay the balance?
7. Explain the significance of ‘Not Negotiable’ and ‘Account payee’ crossing.
8. Discuss in detail the statutory protection granted to a paying banker u/s 85 of the N.I. Act.

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