Professional Documents
Culture Documents
A(5thSemester) 201112
Notes:1. 2.
RollNo:
EnrolmentNo:
Max.Marks:60 Time:3hrs
Subject:BankingLawandPractice SubjectCode:BS305
SectionAiscompulsoryandattemptanytwoquestionseachfromSectionBandC. Noadditionalanswersheetwillbeprovided. SECTIONA Q.1. Attemptallquestions: 1*12 StateTrue/False (a) Reservebankisthegoverningbodyoffinancialactivityinyourcountry? (b) Onceabeareralwaysabearermeansthatchequesoriginallydrawntobearershallnot losetheirbearercharacternotwithstandinganyendorsementthereon. (c) Itisnecessaryforabankingcompanytouseaspartofitsnamethewordsbankbanker orbanking. (d) Universalbankingmeansallowingthebankstoundertakeallkindsofactivitiesofbanking. (e) Thetermcustomerdoesnotsignifyarelationshipinwhichdurationisnotofessence. (f) Afixeddepositwithamandateaseitherorsurvivorcanbepaidtoanyoneofthembythe bank. (g) Anequitablemortgagerequiresexecutionofadocumentviz.MortgageDeedbythe mortgagerinfavorofthemortgagee. (h) Thedepositsacceptedbyabankarehisliabilitiesrepayableondemandorotherwise. (i) Thechequenotpresentedforpaymentwithinaperiodofsixmonthsfromthedateofissue becomesstale. (j) Thebankercanexercisehisrightofgenerallienevenagainstthevaluablesdepositedbythe customerwiththebankforsafecustody. (k) Demanddepositscannotbewithdrawnbythecustomersonlybygivinganoticeofpayment tohisbank. (l) Asuretyistherightofsubrogationagainsttheprincipaldebtoronperformanceofallthat heisliableforassurety. SECTIONB Attemptanytwoofthefollowing. 12*2 Q.2. Writeshortnotesonthefollowing: (a) ClassificationofbanksinUganda. (b) Discussmainfeaturesofthreeimportantdepositproducts. (c) Bankersrightofgenerallienanditsspecialfeatures. (d) FeaturesofBankandcustomerrelationshipinUganda. Q.3. Distinguishbetween: (a) GuarantyandIndemnity. (b) Hypothecationchargeandpledgechargecreatedonsecurities. (c) Holderinduecourseandpaymentinduecourse. (d) CrossingofchequesandEndorsementofchequeswithexampleofeach. Q.4. Writeshortnoteonthefollowing: (a) Mortgagechargeanditstypes. (b) Paymentinduecourseofcrossedchequesandprotectionavailabletobank. (c) NotNegotiablecrossinganditsimplicationsforpayingbank. (d) Garnisheeorderandobligationsofabankunderit. SECTIONC Attemptanytwoofthefollowing: 12*2 Q.5. DiscusstheimportantfunctionsofCentralBankinyourcountry.
Q.6. Q.7.