Unit 1

1. Define Banking and its characteristics. Critically examine the provisions of Banking Regulations Act,
1949 in their application to Banking companies and Public Sector Banks.
2. Discuss the role of Reserve Bank of India in the development, control and functioning of Banks. Also
discuss the salient features of the Reserve Bank of India Act 1934.
Unit 2
3. Define Negotiable Instrument and also discuss its features? Enumerate the various kinds of
negotiable instruments?
4. Write explanatory notes on the following:
a) Endorsement in blank and endorsement in full.
b) Liability of drawer and drawee of a cheque.
Unit 3
5. Discuss the various kinds of endorsements and its effects. Enumerate the difference between
negotiation by delivery and by endorsement.
6. Define cheque as given under the Negotiable Instrument Act. What do you understand by 'Crossing
of Cheque'? Discuss the different kinds of crossing and its effects on negotiability and transferability of
the cheque.
Unit 4
7. Discuss the nature and principles of Insurance Law. Also explain the essential ingredients of a valid
insurance contract.
8. Write a note on licensing of Insurance Agents.
Unit 5
9. State the facts and principles of law laid down in Mithy lal Vs. Life Insurance Corporation of India
AIR 1962 SC 814.
10. What is 'marine insurance'? Discuss its nature and scope in detail.