MA0037 & BANKING RELATED LAWS AND PRACTICES

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DRIVE- FALL 2014

SUBJECT CODE & NAME- MA0037 &  BANKING RELATED LAWS AND PRACTICES

Q1. Explain the characteristics of a negotiable instrument. Give the differences between promissory note and bill of exchange.  

(Explanation of negotiable instrument,  Differences between promissory note and bill of exchange)5,5

Answer.

Negotiable instrument

According to Section 13 (1) of the Negotiable Instrument Act, negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer. It is used to transfer a debt from one account to another and from one person to another person.

Q2. Write the duties and rights of Bailor. Explain the duties and rights of Bailee.

(Explanation of duties and rights of bailor, Explanation of duties and rights of bailee)5,5  

Answer.

Duties and rights of bailor

Duties of Bailor 

1.      To disclose known facts - It is the first and foremost duty of the bailor to disclose the known facts about the goods bailed to the bailee. In the absence of such disclosure, he is responsible for any damage caused to the bailee directly from such

2.       

 Q3. Explain the powers of RBI with respect to authorized persons. Write down the points under Appellate authorities. Also write the differences between contravention and compounding in Foreign Exchange Management Act (FEMA). 

 (Explanation of powers of RBI with respect to authorized persons, Points under Appellate authorities  Differences between contravention and compounding FEMA )3,4,3 

Answer.

Powers of RBI with respect to authorized persons

Appointment of authorised persons – The authorised persons are appointed by RBI and they are authorised to deal in foreign exchange. The person so appointed shall work under the direction of RBI and shall have to comply with the rules and regulations so framed or formulated by RBI from time to time for

Q4. Explain the conditions that are to be applied for raising funds from qualified institutional investor. Write the measures of asset reconstruction.

 (Explanation of conditions that are to be applied for raising funds from qualified institutional investor, Explanation of measures of asset reconstruction )6,4 

Answer.

Conditions to be applied for raising funds from qualified institutional investor

The securitisation or reconstruction company raises funds for acquisition by issue of security receipts. Here the following conditions are to be satisfied:

For each financial asset acquired or to be acquired, there should be a

Q5.  Explain the powers of the Board. Explain the banking codes and rules.

(Explanation of powers of the Board,  Explanation of banking codes and rules)5,5  

Answer.

Powers of the Board

The board ensures adherence to the ‘Codes of Bank’s Commitment to Customers’ by member banks. The Code is voluntary and sets minimum standards of banking practices for banks to follow when they are dealing with individual customers in their routine operations. The Code not only offers protection to the individual customers but also aims to generate awareness in the common man about his rights as a consumer of banking services. For breach of the Code by the member banks, the Board shall be

Q6 Explain the cooperative banks principles. Explain about the business that can be done by a Co-operative Banks. 

(Explanation of cooperative bank principles, Explanation of business that can be done by a co-operative banks )5,5 

Answer.

Cooperative bank principles

1.      Voluntary and open membership Cooperatives are voluntary organisations, open to all persons who are willing to accept the responsibilities of its membership and thereby, avail its services. Membership is offered without any gender, social, racial, political, or religious discrimination.

Dear students get fully solved  SMU MBA Fall 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

 (Prefer mailing. Call in emergency )