Assam University 2007 B.Com Law of Banking - Question Paper

B.Com. Examination, May/June 2007

COMMERCE
legal regulations of Banking

Time : three Hours Max. Marks : 90

part - A

ans any 10 of the subsequent. every ques. carries two marks : (10x2=20)

1. a) describe Customer.
b) Who is paying banker ?
c) What is over draft ?
d) describe Endorsement.
e) provide 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) describe Mortgage.
k) elaborate the Negotiable Instrument ?
l) What is payment in due course ?

part - B

ans any five of the subsequent. every ques. carries five marks : (5x5=25)

2. elaborate the special relationship ranging from banker and customer ?

3. Comment on the bankers obligation to maintain the secrecy of his customer account.

4. provide a note on the Mandatory Functions of paying Bankers.

5. elaborate the precautions a banker should take while dealing with Joint Hindu Family ?

6. elaborate the various types of short term borrowing facilities granted by Banks ?

7. elaborate the legal provisions regarding endorsement ?

8. elaborate the agency services rendered by a Banker ?

9. discuss the various kinds of N.R.I. Account.

part - C

ans any three of the subsequent. every ques. carries 15 marks : (3x15=45)

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. elaborate the precautions a banker should take in dealing with the Joint Account Holders ?

13. elaborate the principles a Banker should follow before granting loans and advances ?

14. Write a note on the subsequent :

a) Right of set off
b) Garnishee order
c) Lien.

Earning:   Approval pending.