CS Professional Banking - Law and Practice PYQ December 2016: Question Paper and Available Answers
CS Professional
1 - Banking - Law and Practice
PYQS Series
December 2016
24 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 1 - Banking - Law and Practice PYQS (December 2016). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Read the following comprehension and answer the questions that follow : BANK GUARANTEE The liability of the bank under a guarantee depends on two fundamental criteria, viz., the am
- State in brief the precautions to be taken by the banks – (i) while issuing a bank guarantee; and (ii) before making payment under the bank guarantee.
- What requirements a banker should ensure in deciding whether the invocation made is proper in case of payment under a bank guarantee?
- While issuing a guarantee the bank omits to mention the amount and period of the guarantee. Can the bank still be held liable? What would be the extent of liability?
- What is 'validity period' and 'claim period' in a bank guarantee?
- Can the bank in a guarantee issued by it restrict the claim period so as to avoid its liability? Discuss.
- What is a counter guarantee and when is it obtained?
- What is an order of injunction?
- Kangana Tea Estate located in Dimapur district is a unit of Manisha Foods Ltd., Siliguri. The company operates in production and sale of fine quality Assam tea. Sanjay, aged 62 yea
- Comment on the following: The BASEL III accord deals in capital adequacy norms to be fulfilled by banks.
- Comment on the following: Mortgage by deposit of title deeds is called English mortgage.
- Comment on the following: Customer segmentation refers to classification of customers into different groups for the purpose of identifying their requirements.
- Comment on the following: Financing under micro finance is without collateral.
- Comment on the following: Assignment is a term associated with loan against life insurance policy.
- Comment on the following: In case of pledge, possession remains with the borrower.
- Comment on the following: Nomination can also be done for home loans.
- Comment on the following: RBI is a banker to the government.
- Comment on the following: Tier-II capital shall not exceed 50% of Tier-I capital.
- Comment on the following: Commercial papers are issued at par value.
- Why letters of credit and letters of guarantee issued by banks on behalf of their customers not shown in the balance sheet as advances are reported separately as off balance sheet
- Sunshine Ltd. is sanctioned ₹10 crore cash credit limit but utilises only ₹8 crore on an average at contracted rate of 20%. The borrower will have to pay a commitment fee @ 0.50% o
- Sunshine Ltd. is sanctioned ₹10 crore cash credit limit but utilises only ₹8 crore on an average at contracted rate of 20%. The borrower will have to pay a commitment fee @ 0.50% o
- Discuss salient features of the 'Banking Ombudsman Scheme'. On what grounds can a customer lodge a complaint of deficiency in service with respect to loans and advances to the Offi
- Neelima opened a savings bank account with Dhan Bank. She was handed over a copy of rules and regulations for operating the account. It provided that the cheque book should be kept
How to Prepare for CS Professional 1 - Banking - Law and Practice
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.