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Sunday, February 17, 2019

Gauhati University QuestioAn Papers:MODERN BANKING PRACTICES (May-June’ 2014)

Gauhati University Question Papers
Full Marks: 80
Time Allowed: 3 hours
Answer either in English or Assamese
The figures in the margin indicate full marks for the questions
1. Choose the correct answer:                                   1x10=10

a)      Generally which banking system is followed in India?
1)      Unit banking system.
2)      Chain banking system.
3)      Branch banking system.
4)      Retail banking system.
b)      Scheduled banks are listed in the second schedule of which Act?
1)      Reserve Bank of India Act, 1938.
2)      Negotiable Instrument Act, 1881.
3)      Banking Regulation Act, 1949.
4)      Indian Company’s Act 1956.
c)       A banker has a statutory obligation to
1)      Honour customer’s cheque.
2)      Honour customer’s bill.
3)      Main secrecy of customer’s account.
d)      A savings bank account in the sole name of minor can be opened provided he completes
1)      10 years.
2)      12 years.
3)      18 years.
4)      21 years.
e)      Holder in due course is a person who
1)      Obtains possession of the instrument for valuable consideration.
2)      Obtains the instrument in good faith.
3)      Obtain possession of the instrument before maturity.
4)      All of the above.
f)       The Banker’s Book-Evidence Act 1891 provides that a certified copy of any entry in a banker’s book shall be accepted as a prima facie evidence in all legal proceedings. (State whether the statement is true or false)
g)      A collecting banker is given statutory protection only when he acts as
1)      A holder.
2)      A holder for value.
3)      An agent.
4)      A holder in due course.
h)      If a cheque is crossed by the name of banker, such cheque is known by which of the following names:
1)      Generally crossed cheque.
2)      Specially crossed cheque.
3)      Banker’s cheque.
4)      All of the above.
i)        To whom the balance of a joint A/c in the name of x, y & z should be paid on the death of x
1)      To legal representative of x.
2)      To y and z.
3)      To y or z.
4)      To the legal representative of x, y, & z.
j)        Prudent management of commercial banks is ensured by
1)      Fiscal management.
2)      BOP position.
3)      Capital risk weighted assets ratio.
4)      Securitization of debts and capital adequacy. 
2. Answer any five of the following:                                        2x5=10
a)                  Define the term ‘customer’ of a bank.
b)                  What do you mean by performed by ATMs?
c)                   What do you mean by credit management?
d)                  Who is known as paying banker?
e)                  Give the meaning of Retail banking?
f)                   What do you mean by material alternation (s) of a cheque?
g)                  Who can cross a cheque?
3. Answer any four questions of the following in about 200 words each:                                                5x4=20
a)                  Give a specimen of a bank balance sheet with imaginary figures.
b)                  Distinguish between branch banking and unit banking system.
c)                   Explain the role of commercial bank in economic development.
d)                  Discuss the procedure of opening a bank account in the name of minor.
e)                  State the documents accepted by bank for customer’s identification in relation to KYC.
f)                   State the characteristics of Negotiable Instruments.
4. Answer any four of the following questions in about 600 words each:
a)                  “Primary relationship between banker and customer is that of Debtor and Creditor” – Explain.                   10
b)                  Define the term ‘bank’. Explain the various functions performed by a modern bank.                       3+7=10
Discuss the obligation of a banker in keeping the secrecy of customer’s account.                               10
c)       Describe the mechanism of crossing of cheques. Explain the duties of a paying banker in respect of crossed cheques.                             5+5=10
d)      Explain the principles followed by the banker in granting loans and advances.
e)      What do you understand by ‘holder’ and ‘holder in due course’? Describe the privileges of a holder in due course.                                 4+6=10
f)       What is non-performing assets (NPAs)? Explain in details the management of non-performing assets of a bank. 2+8=10


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