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students get fully solved SMU MBA Fall
2014 assignments
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DRIVE-
FALL 2014
SUBJECT
CODE & NAME- MA0037 & BANKING RELATED LAWS AND PRACTICES
Q1.
Explain the characteristics of a negotiable instrument. Give the differences
between promissory note and bill of exchange.
(Explanation
of negotiable instrument, Differences between promissory note and bill of
exchange)5,5
Answer.
Negotiable
instrument
According
to Section 13 (1) of the Negotiable Instrument Act, negotiable instrument means
a promissory note, bill of exchange or cheque payable either to order or to
bearer. It is used to transfer a debt from one account to another and from one
person to another person.
Q2.
Write the duties and rights of Bailor. Explain the duties and rights of Bailee.
(Explanation
of duties and rights of bailor, Explanation of duties and rights of bailee)5,5
Answer.
Duties
and rights of bailor
Duties
of Bailor
1. To disclose
known facts - It is the first and foremost duty of the bailor to disclose the
known facts about the goods bailed to the bailee. In the absence of such
disclosure, he is responsible for any damage caused to the bailee directly from
such
2.
Q3.
Explain the powers of RBI with respect to authorized persons. Write down the
points under Appellate authorities. Also write the differences between
contravention and compounding in Foreign Exchange Management Act (FEMA).
(Explanation
of powers of RBI with respect to authorized persons, Points under Appellate
authorities Differences between contravention and compounding FEMA
)3,4,3
Answer.
Powers
of RBI with respect to authorized persons
Appointment
of authorised persons – The authorised persons are appointed by RBI and they
are authorised to deal in foreign exchange. The person so appointed shall work
under the direction of RBI and shall have to comply with the rules and
regulations so framed or formulated by RBI from time to time for
Q4.
Explain the conditions that are to be applied for raising funds from qualified
institutional investor. Write the measures of asset reconstruction.
(Explanation
of conditions that are to be applied for raising funds from qualified
institutional investor, Explanation of measures of asset reconstruction
)6,4
Answer.
Conditions
to be applied for raising funds from qualified institutional investor
The
securitisation or reconstruction company raises funds for acquisition by issue
of security receipts. Here the following conditions are to be satisfied:
For
each financial asset acquired or to be acquired, there should be a
Q5.
Explain the powers of the Board. Explain the banking codes and rules.
(Explanation
of powers of the Board, Explanation of banking codes and
rules)5,5
Answer.
Powers
of the Board
The
board ensures adherence to the ‘Codes of Bank’s Commitment to Customers’ by
member banks. The Code is voluntary and sets minimum standards of banking
practices for banks to follow when they are dealing with individual customers
in their routine operations. The Code not only offers protection to the
individual customers but also aims to generate awareness in the common man
about his rights as a consumer of banking services. For breach of the Code by
the member banks, the Board shall be
Q6
Explain the cooperative banks principles. Explain about the business that can
be done by a Co-operative Banks.
(Explanation
of cooperative bank principles, Explanation of business that can be done by a
co-operative banks )5,5
Answer.
Cooperative
bank principles
1. Voluntary and
open membership Cooperatives are voluntary organisations, open to all persons
who are willing to accept the responsibilities of its membership and thereby,
avail its services. Membership is offered without any gender, social, racial,
political, or religious discrimination.
Dear
students get fully solved SMU MBA Fall
2014 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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