CS Professional Banking - Law and Practice PYQ June 2015: Question Paper and Available Answers
CS Professional
1 - Banking - Law and Practice
PYQS Series
June 2015
19 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 1 - Banking - Law and Practice PYQS (June 2015). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Following are the balance sheets and statements of profit and loss of XYZ Ltd. for the years ended 31st March, 2012 to 31st March, 2014: Balance sheets of XYZ Ltd. as at Liabilitie
- Compute the balance sheet and profit and loss ratios for the years 2012 to 2014 which the bank would ask XYZ Ltd. to submit for financial appraisal of the company.
- Comment on the ratios as computed above.
- Compute working capital requirement for the years 2012 to 2014.
- Is it compulsory to open the account in banks with initial deposit as cash only? Examine.
- Why the banks try to cover themselves for different transactions in different manner under the garb of different relationship?
- Banks freely negotiate cheques drawn by public i.e., individuals, firms, companies, etc. and not negotiate cheques issued by Government departments. Explain.
- Can an instrument be endorsed for the partial amount? Explain.
- Why margins are maintained by the bank?
- Disaster recovery management plan (DRMP) and business continuity plan (BCP) are two important areas to mitigate the information technology risks in the banks. Explain.
- What is 'net worth' and explain its significance?
- Illustrate the concept of 'window dressing' with a suitable example.
- State any two exclusive rights of bankers.
- State the types of letter of credit.
- Name any four ratios that the management of every firm is interested in along with their significance?
- Define 'customer' with special reference to banking and KYC policy/norms.
- Dhan Bank Ltd. erroneously credits the account of a customer. Explain the legal position in the following situations: (a) The bank has to recover the said amount if the said custom
- Dhan Bank Ltd. erroneously credits the account of a customer. Explain the legal position in the following situations: (b) The liability of the banker, if the customer has issued a
- Discuss the implication of the Limitation Act, 1963 on the rights of bankers and remedy available to a banker when limitation sets in.
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.