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DRIVE- FALL 2014
PROGRAM -MBADS (SEM
3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDBMN (SEM 1)
SUBJECT CODE &
NAME- MA0037 & BANKING RELATED LAWS
AND PRACTICES
BK ID -B1618
CREDITS- 4
MARKS- 60
Q1. Explain the
characteristics of a negotiable instrument. Give the differences between
promissory note and bill of exchange.
(Explanation of
negotiable instrument, Differences
between promissory note and bill of exchange)5,5
Answer.
Negotiable
instrument
According
to Section 13 (1) of the Negotiable Instrument Act, negotiable instrument means
a promissory note, bill of exchange or cheque payable either to order or to
bearer. It is used to transfer a debt from one account to another and from one
person to another person.
Q2. Write the
duties and rights of Bailor. Explain the duties and rights of Bailee.
(Explanation of
duties and rights of bailor, Explanation of duties and rights of bailee)5,5
Answer.
Duties and
rights of bailor
Duties of
Bailor
1. To disclose known facts - It is
the first and foremost duty of the bailor to disclose the known facts about the
goods bailed to the bailee. In the absence of such disclosure, he is
responsible for any damage caused to the bailee directly from such
2.
Q3. Explain the powers of RBI with respect to
authorized persons. Write down the points under Appellate authorities. Also
write the differences between contravention and compounding in Foreign Exchange
Management Act (FEMA).
(Explanation of powers of RBI with respect to
authorized persons, Points under Appellate authorities Differences between contravention and
compounding FEMA )3,4,3
Answer.
Powers of RBI
with respect to authorized persons
Appointment
of authorised persons – The authorised persons are appointed by RBI and they
are authorised to deal in foreign exchange. The person so appointed shall work
under the direction of RBI and shall have to comply with the rules and
regulations so framed or formulated by RBI from time to time for
Q4. Explain the
conditions that are to be applied for raising funds from qualified
institutional investor. Write the measures of asset reconstruction.
(Explanation of conditions that are to be
applied for raising funds from qualified institutional investor, Explanation of
measures of asset reconstruction )6,4
Answer.
Conditions to be
applied for raising funds from qualified institutional investor
The
securitisation or reconstruction company raises funds for acquisition by issue
of security receipts. Here the following conditions are to be satisfied:
For
each financial asset acquired or to be acquired, there should be a
Q5. Explain the powers of the Board. Explain the
banking codes and rules.
(Explanation of
powers of the Board, Explanation of
banking codes and rules)5,5
Answer.
Powers of the
Board
The
board ensures adherence to the ‘Codes of Bank’s Commitment to Customers’ by
member banks. The Code is voluntary and sets minimum standards of banking
practices for banks to follow when they are dealing with individual customers
in their routine operations. The Code not only offers protection to the
individual customers but also aims to generate awareness in the common man
about his rights as a consumer of banking services. For breach of the Code by
the member banks, the Board shall be
Q6 Explain the
cooperative banks principles. Explain about the business that can be done by a
Co-operative Banks.
(Explanation of
cooperative bank principles, Explanation of business that can be done by a
co-operative banks )5,5
Answer.
Cooperative bank
principles
1. Voluntary and open membership
Cooperatives are voluntary organisations, open to all persons who are willing
to accept the responsibilities of its membership and thereby, avail its
services. Membership is offered without any gender, social, racial, political,
or religious discrimination.
Get fully solved assignment, plz drop a mail with your sub code
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