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Tuesday, January 21, 2020

Gauhati University Question Papers: Modern Banking Practices (May-June'2019)

Paper: 603
Full Marks – 80
Pass Marks - 24
Time – Three Hours
The figures in the margin indicate full marks for the questions
Answer either in English or in Assamese.
1. Choose the correct answer:                                                                1x10=10
a)         Which of the following Bank was called as India’s first organized joint stock Bank?
1)      Bank of India.
2)      Reserve Bank of India.
3)      Bank of Hindustan.
4)      Bank of Calcutta.
b)         Which of the Banking system is followed in India?
1)      Unit Banking System.
2)      Chain Banking.
3)      Branch Banking.
4)      Commercial Banking.
c)          In India Scheduled Banks are listed in the second Schedule of the which Act?
1)      Reserve Bank of India Act, 1938.

2)      Negotiable Instruments Act, 1881.
3)      Banking Regulation Act, 1949.
4)      Companies Act, 1956.
d)         Schedule VIII in the Bank Balance Sheet relates to
1)      Deposit.
2)      Advances.
3)      Fixed assets.
4)      Investments.
e)         The largest single item on the liabilities side of a Bank Balance Sheet is
1)      Capital.
2)      Borrowing.
3)      Deposits.
4)      None of the above.
f)          A Savings Bank A/c in the sole name of a minor can be opened provided he completes the age of
1)      10 years.
2)      12 years.
3)      18 years.
4)      21 years.
g)         In case of negotiable instruments which person generally gets a good title?
1)      Finder of the lost instrument.
2)      Holder of stolen instrument.
3)      Holder in due course.
4)      None of the above.
h)         A collecting banker is given statutory protection only when he collects a bearer cheque, the statement is
1)      Correct.
2)      Incorrect.
i)           A/c Payee crossing is the safest form of crossing, the statement is
1)      Correct.
2)      Incorrect.
j)           Profitability is the most important principle of sound lending, the statement is
1)      Correct.
2)      Incorrect.
2. Answer the following questions:                                         2x5=10
a)         Define the term ‘Bank’.
b)         What do you mean by ‘Universal Banking’?
c)          What is Call money market?
d)         How an account can be opened in the name of an illiterate person?
e)         Who is known as Paying Banker?
3. Answer any four questions from the following in about 200 words each:                 5x4=20
a)         What are the different types of Banks?
b)         What do you mean by Retail Banking?
c)          Loans and advances play an important role in terms of earning income for the Bank. Explain in brief.
d)         Write in brief about the general relationship between banker and customer.
e)         Explain in brief about the minor as a Bank’s customer.
f)          State the features of Negotiable Instruments.
4. State the origin and development of Modern Banking in India.                     10
What is called Commercial Bank? Explain the various functions performed by a Modern Commercial Bank in brief. 3+7=10
5. Define Balance Sheet of a Commercial Bank. Draw up a Balance Sheet highlighting the major heads of account. 3+7=10
Write short notes on:                                               5x2=10
1)         Investments.
2)         Bank liabilities.
6. Explain the precautions that are to be taken by a Bank while opening an account in the name of an illiterate person. 10
Define negotiable instruments as per N.I. Act. Describe the instruments that are considered as negotiable instruments. 2+8=10
7. What do you mean by Collecting Banker? Mention the duties and responsibilities of Collecting Banker.             2+8=10
What is Loan Portfolio? Explain the principles of sound lending that are followed by Bank. 2+8=10

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