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  • Banking Law Important Questions

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    shanthaka
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    1. The document lists various questions related to banking concepts for students. It includes 2 mark questions, 5 mark questions, 15 mark questions, and a compulsory case study question. 2. The 2 mark questions cover concepts like MICR, passbooks, endorsements, bankers' lien, scheduled banks, gift cheques, definitions of banks and indigenous banks, ATMs, cheques, and mutilated cheques. 3. The 5 mark questions ask students to explain bank features, the banker-customer relationship, crossing of cheques, types of guardians, risks in minor's accounts, and fixed deposits. 4. The 15 mark questions require explanations of bankers as dignified borrowers

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    simple questions important for bachelors degree

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    1. The document lists various questions related to banking concepts for students. It includes 2 mark questions, 5 mark questions, 15 mark questions, and a compulsory case study question. 2. The 2 mark questions cover concepts like MICR, passbooks, endorsements, bankers' lien, scheduled banks, gift cheques, definitions of banks and indigenous banks, ATMs, cheques, and mutilated cheques. 3. The 5 mark questions ask students to explain bank features, the banker-customer relationship, crossing of cheques, types of guardians, risks in minor's accounts, and fixed deposits. 4. The 15 mark questions require explanations of bankers as dignified borrowers

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3K views2 pages

    Banking Law Important Questions

    Uploaded by

    shanthaka
    1. The document lists various questions related to banking concepts for students. It includes 2 mark questions, 5 mark questions, 15 mark questions, and a compulsory case study question. 2. The 2 mark questions cover concepts like MICR, passbooks, endorsements, bankers' lien, scheduled banks, gift cheques, definitions of banks and indigenous banks, ATMs, cheques, and mutilated cheques. 3. The 5 mark questions ask students to explain bank features, the banker-customer relationship, crossing of cheques, types of guardians, risks in minor's accounts, and fixed deposits. 4. The 15 mark questions require explanations of bankers as dignified borrowers

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    1.

    Two marks questios


    a. What Is MICR of cheques and drafts?
    b. What is a pass book?
    c. Who are executors?
    d. What is an ante dated cheque?
    e. What is endorsement?
    f. Who is a customer?
    g. What is banker’s right of lien?
    h. Who are executors?
    i. What is a scheduled bank?
    j. What is a gift cheque?
    k. Define the word bank.
    l. What are indigenous banks?
    m. What is ATM?
    n. What is a cheque?
    o. What is a mutilated cheque?

    5 marks questions
    2. Explain the features of banks.
    3. Explain the subsidiary and general relationship between a banker and a customer.
    4. Differentiate between general and special crossing
    5. Explain different kinds of guardians.
    6. Explain the risks of banker in a minor’s account
    7. What is fixed deposit? Explain the advantages of fixed deposits to a customer and banker.
    8. What is electronic banking? Explain the features of electronic banking.

    15 marks questions

    9. Banker is a dignified borrower. Explain the statement


    10. Explain the essentials of a cheque.
    11. What is core banking? Explain the advantages and disadvantages of core banking to banks
    and customers
    12. What is ‘Obligation to honour the customer’s cheques’? Explain the conditions to honor
    cheques.
    13. What is the procedure to be followed by a banker while operating a savings bank account?

    14. Case study (Compulsory question)


    a. What precaution should banker take while opening and operating an account of the
    following (Answer Any two)
    i. Chi. Romesh (14 years old)
    ii. Mrs. Hema Raghavan (Married woman)
    iii. Sun white company ltd
    iv. Praveen general stores
    v. St. Mosher Kinder Garten school

    b. Smt. Renuka having current account in a bank, issues cheques without sufficient
    credit balance to her account. Banker has informed to her, regarding her habit of
    issuing cheque without credit balance and warned her not to issue cheque, even
    then she continues the same. Can the banker disclose her dealing to her husband?
    c. A fixed deposit has been issued in the joint names of Akbar and Babu, with the
    either or ‘survivor’ clause. Both the beneficiaries die before the due date. To whom
    is the amount payable?

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