B.Com. III (Semester (Old-CGPA) Examination, 2018
advanced banking
(Law and Practice of Banking in India) (Paper
Day and Date Friday, 7-12-2018 Total Marks 70
Time 10.30 a.m. to 1.00 p.m. .00 .m. to .00 p.m.
Instructions 11) Attempt all questions.
Figures to the right indicate full marks. ll questions are
compulsory.
1. Choose correct alternatives 14
The imperial Bank of India Act is passed in the year
1921 1920 1940 1935
In the year the first Company Act was passed in India.
1913 1947 1932 None of these
Banker's Lien is
A special type of mortgage An implied pledge
A hypothecation A type of assignment
Rule of Clayton's case pertains to
Payment of cheques in clearing
Settlement of duties between the bank and guarantor
Banker's general lien
Appropriation of payments in a running account
The relationship between a banker and a customer is
That of a debtor and creditor
That of a creditor and debtor
Primarily that of a debtor and creditor
Both and
An order cheque can be converted in to a bearer cheque by means of
Sans recourse endorsement Special endorsement
Blank endorsement Sansfrais endorsement
A cheque which is not crossed is called
Uncrossed cheque Open cheque
Order cheque Bearer cheque
The banker has a statutory obligation to
Honour customer's cheque
Exercise lien
Maintaining secrecy of customers account
Honour customers bill
The best suited deposit for a trading community
Savings deposit Fixed deposit
Current deposit Recurring deposit
10) The bank account opened more than one names is called
account.
Joint Single Saving None of these
11) Bank of England was established in the year
1794 1894 1694 None of these
12) According to order bank can stop account operations.
Garnishi Kleton Holly None of these
13) The Nabard Bank Act was passed in the year
1982 1980 1978 None of these
14) is the name of first commercial bank of India.
SBI b) RBI c) I ndian Bank Hindustan Bank
2. Write short notes 14
Origin of the banking.
Bank customers.
3. Write short answer 14
Explain the different types of negotiable instruments.
What are important types of crossing of cheque
4. Answer any one 14
Explain the nature and scope of banking laws in India.
Define the terms 'Banker' and 'Bank Customer' and bring about the
special relationship between them.
5. Answer any one 14
What is MICR cheque Explain its nature.
What do you understand by a 'Crossing of a cheque' Explain the
different kinds of a cheque.