Total No. of Questions—5] [Total No. of Printed Pages—2
Seat
No.
P.G. DIPLOMA IN BANKING AND FINANCE
EXAMINATION, 2018
LAW AND PRACTICE OF BANKING
Paper II
Time Three Hours Maximum Marks 80
N.B. All questions are compulsory.
(ii All questions carry equal marks.
1. Explain in detail the inspection caused by the RBI under Section
35 of the Banking Regulation Act, 1949.
Or
Explain in detail the procedure of winding up of a banking company
by the high court as under Section 38 and Suspension of Business
under Section 37 of the Banking Regulation Act, 1949.
2. Explain in detail the penalties levied by the Reserve Bank of India
as under Section 58 B of the RBI Act, 1934.
Or
Define an authorized person as under Foreign Exchange Management
Act, 1999. Explain in detail the power of the RBI to issue directions
to and inspect the authorized person. Your answer must be in
conformity with Chapter III of the Foreign Exchange Management
Act, 1999.
3. State and explain in detail all the provisions of the Reserve Bank
of India Act, 1934 pertaining to note issue in India. State the provisions
P.T.O.
2
of the RBI Act, 1934 that allowed the Government of India to introduce
the Rs. 2000 currency note in India and demonetize the Rs. 500
and Rs. 1000 notes.
Or
Define a bill of exchange as per the Negotiable Instruments Act,
1881. Explain in detail its features. Explain the provisions relating
to presentment in case of a bill of exchange.
4. Explain in detail the conditions under which a banker customer
relationship can come to an end.
Or
Explain in detail the precautions taken by a banker in payment
and collection of customers' cheques.
5. Write notes on (any two)
Features of promissory note
Banker as an agent
Lein and its types
Negotiable Instruments.