Fourth Semester of Three Year LL.B. Examination, June 2011
Optional – II : BANKING LAW (Course – III)
Duration : 3 Hours Max. Marks : 100
Instructions :
1. Answer all 5 questions.
2. All questions carry equal marks.
3. Answers should be written either in English or Kannada completely.
Q. No. 1. (a) Explain the functions of the Reserve Bank of India. Marks : 15
OR
Examine the various control of RBI over Commercial Bank.
(b) Write short note on : Marks : 5
IDBI or State Bank of India.
Q. No. 2. (a) Explain the precautions to be taken by a banker while lending against goods. Marks : 15
OR
Examine the advantages of Securitisation Act to the banker.
(b) Write short note on : Marks : 5
Credit Guarantee Scheme.
OR
Priority sector advances.
Q. No. 3. (a) Discuss the various types of crossing of cheques with their legal effects. Marks : 15
OR
Analyse the penal provisions under Negotiable Instrument
(b) Write a note on promissory note. Marks : 5
OR
Sonu couldn’t present the cheque received from his friend due to busy schedule. Period of limitation is about to expire on a day which happens to be a holiday. Advice Sonu.
Q. No. 4. (a) ‘The bankers’ duty of secrecy is not absolute but qualified’. Elucidate. Marks : 15
OR
Who is a paying banker ? State the statutory protections available to paying banker.
(b) Write an explanatory note on : Marks : 5
Pass book.
OR
Banker’s liability.
Q. No. 5. (a) Explain the various E-banking services. Marks : 15
OR
Examine the grounds under which the banking Ombudsman may reject the complaint.
(b) Write a note on : Marks : 5
A.T.M.
OR
Internet Banking.