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DRIVE- Summer 2015
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
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.
1. Freely transferable: The property
in a negotiable instrument passes from one person to another by delivery, if
the instrument is payable to bearer
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 failures.
2.
To bear extraordinary expenses of the bailment – Section 158, repayment by
bailor, of necessary expenses – according to the bailment
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 this purpose.
Powers
to issue directions to authorised persons – A Reserve Bank may, for the purpose
of securing compliance with the provisions of this
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 separate
scheme.
Scheme-wise
and asset-wise
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
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. The members have positive obligations towards the
promotion and development of their society. The obligations may include the
right to vote, to take part in meetings, to utilise the services of the co-
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
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