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DRIVE
|
FALL 2015
|
PROGRAM
|
MBADS (SEM 3/SEM 5)MBAFLEX/ MBA (SEM
3)PGDBMN (SEM 1)
|
SUBJECT CODE & NAME
|
MA0037 & BANKING RELATED LAWS &
PRACTICES
|
BK ID
|
B1618
|
CREDITS
|
4
|
MARKS
|
60
|
Note: Answer all questions. Kindly note
that answers for 10 marks questions should be approximately of 400 words. Each
question is followed by evaluation scheme.
Q. 1. Bank accepts different types of
deposits and based on this you will have to answer these. Explain the
acceptance of deposits. Write about the maintenance of cash reserves.
Answer:Explanation of acceptance of
deposits: Banks receive money from
the public by way of deposits. The followingtypes of deposits are usually
received by banks:
i) Current deposit:Also called ‘demand deposit’, current deposit
can be withdrawn by the depositor at any
time by cheques. Businessmen generally open current accounts with banks. Current accounts do not
carry any interest as the amount
deposited in these accounts is repayable on demand without any restriction.
ii) Saving deposit:Savings deposit account is meant
Q. 2. What do you understand by contract of
guarantee? Write the differences between contract of indemnity and contract of
guarantee. Explain the essential features of a contract of guarantee.
Meaning of contract of guarantee
Answer:Differences between contract of
indemnity and contract of guarantee:Indemnity
and guarantee are two important ways to safeguard ones interests when entering
into a contract. There are many similarities between the two concepts though
they differ a lot also.
Distinction between a contract of guarantee
and a
Q. 3. Explain the appointment of
adjudicating authority, procedure for adjudication Foreign Exchange Management
Act (FEMA). Write the differences between contravention and compounding.
Answer:Adjudication is the legal process by which an arbiter or judge reviews
evidence and argumentation including legal reasoning set forth by opposing
parties or litigants to come to a decision which determines rights and
obligations between the parties involved. Three types of disputes are resolved
through adjudication:
·
Disputes
between private parties, such as individuals or corporations.
·
Disputes
between private parties and public
Q. 4. Explain the establishment of consumer
disputes redressal agencies and write about composition of district forums and
Jurisdiction of district forum.
Answer:Explanation of consumer disputes
redressal agencies:There shall be
established for the purposes of this Act, the following agencies, namely:—
(a) a Consumer Disputes Redressal Forum to be
known as the 'District Forum' established by the State Government in each
district of the State by notification:Provided that the State Government may,
if it deems fit, establish more than one District Forum in a district.
(b) a Consumer Disputes Redressal Commission
to be known as the 'State Commission' established by the State Government in
the State by
Q. 5. Write the purposes of disciplinary
sanctions for breach of the code. Write the internal procedure guidance. Give
the differences between banking ombudsman and Banking Codes and Standards Board
of India (BCBSI).
Answer:Explanation of breach of code:Two examples of breaches in a code of ethics
include confidentiality and conflict of interest breaches. A confidentiality
breach can occur if the professional leaks information about a customer
project, design or business deal to a competitor. A conflict of interest breach
can occur when someone in a purchasing role has a family member working with a
vendor company that competes for and then wins a contract.
Once a report is submitted, the
Q. 6. Write the loan policy of RBI given to
co-operative banks. Give the important guidelines from RBI on deposits.
Answer:Explanation of loan policy of RBI:You can generally seek a first time home loan
for buying a house or a flat, renovation, extension and repairs to your
existing house. Most banks have a separate policy for those who are going for a
second house. Please remember to seek specific clarifications on the
above-mentioned issues from your commercial bank.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“
help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
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