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DRIVE - SUMMER 2015
PROGRAM - MBADS
(SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)
SUBJECT CODE &
NAME - MA0039 & RETAIL BANKING
BK ID - B1619
CREDITS- 4
MARKS – 60
Q1. What is a
garnishee order ? Does it differ from an Income-tax Attachment order ? 6, 4
Ans: Garnishee Order: A garnishee order is an order
issued by the court in favour of judgment creditor attaching the funds
of judgment debtor lying with the third party. Here three parties are
involved, they are:
·
Judgment
creditor
·
Judgment
debtor
·
Garnishee
or Banker
The judgment
Q2. Write a note on
collection of trade bills. Illustrate a popular third party product offered
through the banking channel. 6, 4
Ans: Collection of Trade Bills: Banks help in commercial
transactions by helping parties involved in trade to settle their dues.
The traders (both seller and buyer) believe that the receipt and payment
of money for the goods is assured because of the involvement of banks as
a collection agent. Following documents are involved
Q3. “Handling of
negotiable instruments are important activities of commercial banks”. Elucidate
the statement. 10
Ans:
Handling Negotiable Instruments: Negotiable instruments are
principal instruments for making payments and discharging business
obligations. These are transferable documents and regulated through laws
contained in the Negotiable Instrument Act, 1881. According to Section
13 of Negotiable Instrument Act (NI Act), a “Negotiable instrument
Q4. “Settlement of
claims needs expertise and acumen” Explain giving illustrations. 10
Ans:
A person who is nominated by the depositor is called
’nominee’. On death of the depositor, a nominee can claim the balance in the
depositor’s account by submitting ID proof and death certificate of the depositor
to the banker. Nomination makes it easier and quicker for the nominee to claim
the balance in the depositor’s account
Q5. Write a case
study on phishing in a commercial bank. 10
Ans: Phishing: Did you know that e-mails, long
considered the most convenient form of communication, can actually
spring some
Q6. Explain the
five principles of lending. 10
Ans:
Principles of lending: Commercial banks lend deposits
collected from public. To avoid risks and to ensure safety of these
funds, banks are required to adhere to the principles of lending. There
are basically five principles of lending which are considered as
significant. They are safety, liquidity, profitability, purpose and diversification.
·
Safety:
Safety regarding
return of money advanced is important. Banks are liable to repay the
deposits to public as
Get fully solved assignment. Buy online from website
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we will revert you within 2-3 hour or immediate
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if urgent then
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