B.Com. – III (Semester – (New-CBCS) Examination, 2018
Advanced banking (Paper –
Law and Practice of Banking in India
Day and Date Friday, 7-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
Instructions All questions are compulsory.
Right side marks indicate full marks.
1. Choose the correct alternative from the given alternatives 14
In the year the first company act was passed in India.
1913 1947 1932 None of these
The Banking Regulation Act was passed in the year.
1947 1948 1949 None of these
The rate at which commercial banks take loans from the central bank is
known as
Repo rate Bank rate Interest rate None of these
The imperial bank of India was established in the year
1921 1931 1949 None of these
According to bank act, Income tax officer is having to get
information about any bank account.
181 172 121 None of these
is the basic objective of saving account.
To increase bank habit To make more saving
Consumption None of these
The NABARD Act was passed in the year
1982 1980 1978 None of these
The Indian Banking Act are formulated from the Banking act of
England America France None of these
In India rural banking act was passed in the year
1947 1949 1976 None of these
10) Secrecy of bank account act was passed in the year.
1924 1939 1949 None of these
11) Garnishi order consist stages.
Four Five Two None of these
12) is the nomination facility act in India.
45-Z-A 46-Z-A 47-Z-A None of these
13) is a ditto copy of customer’s ledger a/c in the banker’s book.
Cheque Demand draft Pass-book None of these
14) Negotiable instruments act in India was passed in the year
1886 1881 1885 None of these
2. Write short answer 14
State the scope of banking laws in India.
What is Garnishi order
3. Write short note 14
Types of bank customer.
Statutory relation between bank and bank customer.
4. Write answer (any one) 14
What do you understand a negotiable instruments Explain the salient
features of promissory note.
What is crossing Explain the different kinds of crossing.
5. Write answer (any one) 14
Explain the nature and scheme of law in Indian banking.
Explain causes for bank failures in India.