Enrollment No…………………… DR. RMLNLU, LKO BALLB/VIthSem.

/Repeat/June-21/B&I
Time - 05 Hours Max-Marks :- 70

Repeat/Another Chance Exam June - 2021

Banking and Insurance Law
Note: Read the instructions carefully before attempting the answers:
(i) The Question Paper is divided into 2 Sections i.e. Section - A and Section - B.
(ii) The Examinee is required to attempt any 3 (three) Questions from Section - A, and any 2 (two) Questions from Section-
B. Figures in the margin indicate the Marks.
(iii) The assignment has to be submitted in a handwritten form. No other format would be acceptable.
(iv) The examinee has to write the answer in A4 Size or equivalent size sheets, ruled or un-ruled.
(v) The examinee must write his/her name, enrollment number, name of the subject on the first page of the answer.
(vi) The examinee has to mention his/her name and enrollment on every subsequent page.
(vii) The examinee must write down the page no. on every page in the format (No. of page of total pages) example-1 of
12, 2 of 12 etc.
(viii) The examinee must ensure that the scanned copy of the answer script is clear and legible, in PDF format and uploaded
as a single file and size should not be more than 30 MB. In case the office receives multiple files of the answer script,
only first response received shall be considered and other responses shall be ignored.
(ix) The name of the PDF file of the answer script must be (Enrollment No) (underscore) (Paper Name) for Example
150101154_Jurisprudence.
(x) The Scanned copy of the same has to be uploaded on Google form through the link-
https://forms.gle/YnnJdAd3Fc1WMWpN7 till 04:00 PM on 08-06-2021. Examinee must be careful while
uploading the answer script as only first response would be accepted. Examinees must also take care before uploading
the PDF file of answer script that all the pages of the script have been added in the PDF file.
Only responses received through Google Form will be accepted. Answers received through email will not be
considered.
(xi) In case of any technical difficulty the examinee may contact Dr. Aman Deep Singh, Associate Controller of
Examinations on +91-9793085772, +91-8840353326 or 0522-2425902, 3, 4 Extn. 136.
(xii) The students must note that they are required to finish the writing of answers in three hours while they have to
answer one long question less. The time of two hours is more than sufficient for downloading paper and uploading
the answer-sheets. They must submit their answer sheets within 5 hours. Responses received after 04:00 PM shall
be dealt in accordance with the notification no. 332-21 dated 10.03.2021
(http://rmlnlu.ac.in/pdf/Notice_regarding_110321.pdf) available on the University Website. If they fail to do so they
would be afforded another opportunity to appear in the physical examination in such papers after the reopening of
the University but, in the interests of the students, the chance will not be counted as a repeat paper. The University
would ensure justice to all the students.

Section A (03X20)
1. Discuss in detail the provisions of the Banking Regulation Act, 1949 pertaining to the
conditions and the latest norms regarding the New Bank Licensing Policy under which
the R.B.I. may extend license to Banking Company.
2. What are quantitative credit control methods of Reserve Bank of India? Explain.
3. How the Debt Recovery Tribunals have expedited the recovery of bad loans by Banks
and Financial Institutions? Amplify the procedure and mode of recovery of debts of the
Tribunal constituted under the recovery of debt due to Banks and Financial Institutions
Act 1993.
4. Explain how subrogation supports the principle of Indemnity and what rights insurers
have on being subrogated? Support your answer with the help of case law, if any.
5. Explain the doctrine of good faith with reference to the duty of disclosure of material
facts by the insured to the insurer. Cite the classical case of Carter v Boehm.(1766 AII
ER) .

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 6. Explain Banking Ombudsman Scheme, 2006 with special reference to its jurisdiction,
power and complaint mechanism. Whether an appeal lies against the award of the
Banking Ombudsman?

Section B (02X05)
7. Distinguish between 'insurance contracts' and 'wagering agreements'.
8. Explain the concept of Insurable Interest. How it is determined?
9. Moratorium.
10. Role and functions of NABARD.

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