Banking Management – a Cheque Drawn for Rajkumar or Order Is Stolen. the Thief Made Endorsement as Rajkumar on the Cheque in His Favour – Study Guide – Answer Sheet
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Banking Management – a Cheque Drawn for Rajkumar or Order Is Stolen. the Thief Made Endorsement as Rajkumar on the Cheque in His Favour
Need Answer Sheet of this Question paperContact us [email protected]: 7019944355Banking ManagementQ 1) Account holder X draws a cheque for Rs. 5,000 favouring Rajesh ( a minor aged 13 years ) or, bearer. Rajesh presents the cheque on counter duly signed on the back. What should the banker, do with the cheque of a minor?(a) reafuse, since no contractual capacity(b) pay the cheque after inquiring with X(c) pay to Rajesh without any responsibility of bank(d) ask Rajesh to bring his parents(e) Section 26 N.I. Act, 1881, does not allow minor to receive paymentQ.2) payment in `due course` means?on the due date in accordance with apparent signature and specimenin accordance with apparent tenordue to sufficient fundsQ.3) One of the following statements in not true in the right of set-off?set-off means partial or total merging of a claim of one person against another in a counterclaim of the latter against the former.Both debts must be for certain sum.A debt accruing due cannot be set-off.A banker can set-off the credit balance in the guarantor’s account before the liability of the,guarantor to the bank is determined.Q.4) Does RBI have the power to control or influence directly or indirectly the interest  rates of banks in India and if so, in what manner and to what extent?Q.5) `Overseas Depository Bank` means?a bank authorized by the issuing company to issue Global Depository receipts against issue,of Foreign Currency convertible Bonds or ordinary shares of the issuing company.A bank authorized by the government to issue Global Depository receipts against issue of,Foreign Currency Convertible Bonds or ordinary shares of the issuing company;A bank authorized by the issuing company to issue Global Depository Receipts against receipt of foreign Currency;A bank where deposits in foreign currencies can be madeQ.6) The retail loans given by commercial banks are generally for duration of?Five to seven years with housing loans granted for a longer duration of 15-20 yearsLess than 5 years onlyLess than 1 year onlyNoneQ.7) A revolving Letter of Credit is one which provides that the amount  of drawing stipulated in it will be available to the beneficiary:Again and again as may be agreed between the buyer and the seller within a stipulated period.Any number of timesOnly one onceNon Q.8) As per Basel II Framework, the total of Tier 2 capital is permitted up to a maximum of:100 per cent of Tier 1 capital250 per cent of Tier 1 capital80 per cent of Tier 1 capital50 per cent of Tier 1 and Tier 3 capitalQ.9) When the holder of an order Cheque sign on the back of it, without specifying the person to whom the amount is to be paid, it is calledFull endorsementPartial endorsementConditional endorsement Restrictive endorsementBlank endorsementQ.10) Difference between cash budget and cash flow Cash flow deals with cash and non-cash funds. Cash budget deals with cash transactions only.Cash flow statements are generally for quarterly of half-yearly while cash budgets are for shorter periods.Cash budget is a projection into the future while a cash flow statement is historical.Any of the aboveQ.11) Loan against minor’s term depositCan be granted if the documents are signed if the minor has completed the age of 14 yearsCannot be granted under any circumstances as the minor does not have the contractual capacityCan be granted to the guardian of the minor, if it is for the necessities of the minorCan be granted only with the permission of the Court.Q.12) Impact of IT on banks can beChange in organizational structureChange in organizational orientation Change in service delivery  channelChange in customer aspirationAll of the aboveQ.13) A medium enterprise in service sector is one,Where the investment in equipment is more than Rs.3 crore but does not exceed Rs 10 crore Where the investment in equipment is more than Rs.2 crore but does not exceed Rs 10 croreWhere the investment in equipment is more than Rs.5 crore but does not exceed Rs 10 croreWhere the investment in equipment is more than Rs.2 crore but does not exceed Rs 5 croreQ.14) Ritesh issued a cheque at 3:30p.m. (one hour after close of business hours of the bank ) to Shubha. Shubha approached to the bank and on request paid the money at 4:00 p.m. as late payment; Ritesh arrived to the bank and stopped payment of cheque issued to Shubha at 4:30 p.m. on the same day. Who is liable for loss?Payment after business hours is not a payment in due course hence bank is liable, Section 10 N.I. Act.Payment even though after business hours but within banking hours is protected under Section 31.Payment late for today is protected under Section 85.Refused to accept stop payment instructions since late for today.Q.15) After close of business hours by 1.30 hrs. the account holder himself availed payment. At 4.15 p.m. (after close of 1.45 hrs) income tax attachment order is received by bank. What would be the liability of paying bank?
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“Banking Management – a Cheque Drawn for Rajkumar or Order Is Stolen. the Thief Made Endorsement as Rajkumar on the Cheque in His Favour” EssaysForStudent.com. 08 2016. 2016. 08 2016 < "Banking Management - a Cheque Drawn for Rajkumar or Order Is Stolen. the Thief Made Endorsement as Rajkumar on the Cheque in His Favour." EssaysForStudent.com. EssaysForStudent.com, 08 2016. Web. 08 2016. < "Banking Management - a Cheque Drawn for Rajkumar or Order Is Stolen. the Thief Made Endorsement as Rajkumar on the Cheque in His Favour." EssaysForStudent.com. 08, 2016. Accessed 08, 2016. Essay Preview By: Answer Sheet Submitted: August 30, 2016 Essay Length: 2,099 Words / 9 Pages Paper type: Study Guide Views: 464 Report this essay Tweet Related Essays Management in Regions Bank Regions 3 Regions Bank In the large corporation of Regions Bank, there are many specific details involved in creating and maintaining the perfect organizational 1,542 Words  |  7 Pages Performance Management at Union Bank of India PM & IR PROJECT PERFORMANCE MANAGEMENT AT UNION BANK OF INDIA Submitted To Prof. PANKAJ KUMAR GROUP Anup Gupta ABM02003 Arjun Balaji PGP21062 Harish Narayanan 1,944 Words  |  8 Pages Risks Management of Gmos in Usa and Eu Opportunities for Implantation in Less Favoured Countries INTRODUCTION Genetically modified organisms (GMOs) have been introduced in the agricultural system and on the market of consumer goods since about 20 years, initially in 2,752 Words  |  12 Pages First National Case - Commercial Bank Management 1. By adding fee-income generating services, First National will be able to supplement traditional deposits, which will help meet liquidity requirements and provide for future 510 Words  |  3 Pages Similar Topics Management Toyota Hybrid Marketing Management Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter