LAW OF BANKING - Important Questions-1

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LAW OF BANKING AND NEGOTIABLE INSTRUMENTS

SHORT

1.Negotiable Instrument ****

2.Promissory Note ****

3.Bill of Exchange ****

4.Bank Guarantee ****

5.Banker’s Lien ****

6.Banker’s Set off ****

7.Bankers Draft ****

8.Travellers Cheque ****

9.Dividend Warrant ****

10.Payment in due course ****

11.Forgery (or) Forgeries ****

12.Endorsement ( or) Endorsement Types ******

13.Over draft ***

14.Paying Banker ****

15.Collecting Banker ****

16.Holder in Due course ***

17.Cheque ***

18.Fiduciary Relationship ***

19.Assignment ***

20.Garnishee Order ***


21.Trustee ***

22.Money Order ***

23.Reserve Bank of India ***

24.Pledge **

25.Crossed Cheque **

Essay Questions

1.Discuss the General Relationship between Banker and Customer . (or) Explain
general relationship between Banker and Customer with special reference to
Debtor and Creditor ********

2.Explain features of Banking Regulation Act *****

3.Explain salient features of Negotiable Instruments Act

(or)

What is meant by Negotiable Instrument ? What are its Characteristics and


Features.

4.Define Bank. Explain the importance of Banking Business in the development


of country. ****

5.Discuss the Statutory protection provided to the Collecting Banker. ******

6.Explain the Statutory protection provided to the Paying Banker. ******

7.What are main types of Letters of Credit in International Trade. ****

8.Explain the legal incidents of Commercial Letter of Credit****

9.Explain the different kinds of Endorsement of Cheques. ****

10.Define Cheque. Discuss the various kinds of Cheques. ****


11.What is Banker’s Lien? State the General precautions which a Banker should
take while granting loans and Advances. ***

12.What are the liabilities of a Drawyer and the Endorsers in case of Bill of
Exchange. ***

13.Explain Deemed Negotiable Instrument ***

14.Explain the effect of alteration of a Negotiable Instrument upon the Parties


before and after Alteration. ***

15.State the cases in which a Banker (a) May (b) Must refuse to Honor a
Customer’s Cheque. ***

16.Explain the legal Presumptions of Negotiable Instruments ***

17.Define Letter of Credit . Explain merits and demerits of making advances


against Stocks and Shares. **

18.What is meant by Bank Guarantee? How it is different from Letters of Credit.


***

Additional Short Questions

->NABARD

->Trust Account

->Railway Receipt

->Liquidity

->Bankers Clearing House


->Indigenous Bankers

->Account Payee

->Current Account

->Passbook

->Days of Grace

->Mixed Banker

->Credit Society

->Inchoate Instrument

->Bankers Rights

->Special Customers

->Postal Order

->Receipts

->Regional Rural Bank

Additional Long Questions

 Evaluate the effects of Nationalization of Banks of Society


 Explain RBI controls Advances of Commercial Banks
 Critically examine the rights and liabilities of Surety

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