2 €
Pant 1]

Answer all questions.
Each question carries १6 mark.

7, Negotiable instrument Act came into force with effect from

(a) 12th March 1882. (b) 181 April 1882.
) 19th July 1882. (d) 1st November 1882.
8. Which among this is a negotiable instrument ?
(8) Bills of exchange. (b) Promissory note.
(c) Cheque. (d) All of the above.
9. Common place where mutual indebtedness between the members settled —____
(a) Discounting house. (b) Clearing house.
(€) Court. (d) None of the above.

10. A cheque presented at the bank on which it is drawn after a reasonable length of time p,
from the date of drawing is

(a) Crossed cheque. (b) Marked cheque.

(c) Stale cheque. (d) Post dated cheque.
11. When did FEMA come into being ?

(8) Ist June 2000. (b) Ist June 2001.

(८) Ist June 2002, (१) 1st June 2008.
12. To whom a bank is liable for wrongful payment of cheque ?

(8) Holder. (b) Holder in due course.

(c) Drawer. (d) Payee,

(6 x %=3 marks)
Section B (Very Short Answer Type Questions)
Part I

Answer any five questions.
Each question carries 2 marks.
13. Define priority sector lending.
14. What do you mean by joint account ?
15. State the duties of collecting banker.
16. Define money market.