MA0039 & RETAIL BANKING

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DRIVE - SUMMER 2015

PROGRAM - MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)

SUBJECT CODE & NAME - MA0039 & RETAIL BANKING

BK ID - B1619

CREDITS-  4

MARKS – 60

Q1. What is a garnishee order ? Does it differ from an Income-tax Attachment order ? 6, 4

Ans: Garnishee Order: A garnishee order is an order issued by the court in favour of judgment creditor attaching the funds of judgment debtor lying with the third party. Here three parties are involved, they are:

·         Judgment creditor

·         Judgment debtor

·         Garnishee or Banker

The judgment

Q2. Write a note on collection of trade bills. Illustrate a popular third party product offered through the banking channel. 6, 4

Ans: Collection of Trade Bills: Banks help in commercial transactions by helping parties involved in trade to settle their dues. The traders (both seller and buyer) believe that the receipt and payment of money for the goods is assured because of the involvement of banks as a collection agent. Following documents are involved

Q3. “Handling of negotiable instruments are important activities of commercial banks”. Elucidate the statement. 10

Ans: Handling Negotiable Instruments: Negotiable instruments are principal instruments for making payments and discharging business obligations. These are transferable documents and regulated through laws contained in the Negotiable Instrument Act, 1881. According to Section 13 of Negotiable Instrument Act (NI Act), a “Negotiable instrument

Q4. “Settlement of claims needs expertise and acumen” Explain giving illustrations. 10

Ans:

A person who is nominated by the depositor is called ’nominee’. On death of the depositor, a nominee can claim the balance in the depositor’s account by submitting ID proof and death certificate of the depositor to the banker. Nomination makes it easier and quicker for the nominee to claim the balance in the depositor’s account

Q5. Write a case study on phishing in a commercial bank. 10

Ans: Phishing: Did you know that e-mails, long considered the most convenient form of communication, can actually spring some

Q6. Explain the five principles of lending. 10

Ans: Principles of lending: Commercial banks lend deposits collected from public. To avoid risks and to ensure safety of these funds, banks are required to adhere to the principles of lending. There are basically five principles of lending which are considered as significant. They are safety, liquidity, profitability, purpose and diversification.

·         Safety: Safety regarding return of money advanced is important. Banks are liable to repay the deposits to public as

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