LLB
Banking Law including Negotiable Instrument Act 2018 Question Paper
Chaudhary Charan Singh University · LLB · Banking Law including Negotiable Instrument Act · 13 questions
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A5 Q
Section A
Very Short Answer Questions
- 1Define 'Payment in Due Course'.
- 2What are the main characteristics of Promissory Note?
- 3What are Government Securities? Illustrate.
- 4Industrial Reconstruction Bank of India.
- 5Banking Company.
B3 Q
Section B
Short Answer Questions
- 6Discuss briefly the different kinds of letters of credit which may be issued by a Bank.
- 7Discuss the liabilities of a surety.
- 8What is meant by a 'Clearing House'? Explain its working.
C5 Q
Section C
Detailed Answer Questions
- 9Discuss briefly the legal status and functions of the Reserve Bank of India. In what manner Reserve Bank may control the process of inflation and price rise in the economy?
- 10Define 'Bill of Exchange'. What are its characteristics? Describe the different kinds of Bills of Exchange.
- 11The basic law regarding formation and regulation of Banking Companies in India is contained in the Banking Companies Act, 1949 and the Banking Regulation Act, 1949. Outline briefly the main features of these two Acts.
- 12What is priority lending? Discuss.
- 13What do you mean by a 'Holder' and 'Holder in due course'? How do you distinguish between the two? Explain. Or Discuss the recommendation of R. Gandhi Committee on Urban Co-operative Banks.