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jaiib-jun2003

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jaiib questions june 2003
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  JAIIB - JUNE 2003INDIAN FINANCIAL SYSTEM & COMMERCIAL BANKINGSECTION 1 1)Write short notes the following (answ! an #$! ) 3x2=6(a)Asset-Liability Management in Bans(b)!orfeiting( )A#tonomy for $ommer ial Bans(%)&e #ritisation(e)Ban omb#%sman & heme2)&tate whether #!% ! 'as 'x1=(a)he f#n%ing for lo al area bans will be ma%e by &tate *o+ernment an%$entral *o+ernment e,#ally'(b)he n%#strial !inan e $or.oration of n%ia (!$) was the first %e+elo.ment ban establishe% in n%ia'( )he life ns#ran e $or.oration of n%ia is the largest instit#tional in+estor inn%ia' (%)/omination for an a o#nt an be gi+en in fa+o#r of two .ersons also'3)!ill in the blans (write f#ll senten e in the answer boo gi+en to yo#)0x1=0(a)Bans whi h ha+e net worth not less than &---- an #n%ertae ns#ran e b#siness with ris .arti i.ation'(b)Li,#i%ity A%#stment !a ility ha+e been intro%# e% as .er re ommen%ationsof the ---- ommittee re.ort( )n  tober 14445 eser+e Ban of n%ia %e i%e% to bring Money MaretM#t#al !#n%s within the .#r+iew of ---reg#lations'(%)he $$ was set #. in 1400 with the main obe ti+e to hannelise f#n%s toin%ian n%#stries5 .ro+i%e% by ----(e)he main obe ti+e of is o#nt an% !inan e 7o#se of n%ia L (!7) is tofa ilitate the smoothening of the ---term li,#i%ity imbalan es' SECTION II )$hoose the orre t answer from the alternati+es gi+en #n%er ea h s#b-,#estion an%write the same in the answer boo gi+en to yo#'4x1=4(a)f a .erson %ies intestate5 the .erson a..ointe% by the o#rt to tae are of the .ro.erty of %e ease% is alle% i)8xe #tor ii)A%ministrator   iii)Li,#i%ator i+)e ei+er (b)Whi h of the following %o #ments re,#ire om.#lsory registration9i)nstr#ment of gift of immo+able .ro.ertyii)any transa tion in+ol+ing immo+able .ro.erty +al#e% & 1::;- or moreiii)lease of immo+able .ro.erty for more than one year'i+)all abo+e( )A maxim#m loan limit for small b#siness enter.rises to be lassifie% as .riority se tor a%+an e is---i)& 0 La 'ii)& 1: La iii)& 10 La 'i+)& 2: La '(%)Whi h is the terminal year of /inth !i+e-year .lan of n%ia9i)2::1-2::2ii)2::2-2::3iii)2::3-2::i+)/one of these(e)!inan ial nstit#tions (!L&) iss#ing ho#sing loans to in%i+i%#als against themortgage of resi%ential ho#sing .ro.erties are re,#ire% to assign a ris weightof < (in a%%ition to 2'0 .er ent ris weight for maret ris) i): .er entii)0: .er entiii)6: .er enti+)0 .er ent(f)e ently a ommittee on the f#n tioning of Bs has s#ggeste% to lassifyBs into fo#r %istin t ategories an% li,#i%ation of the maority of ategory>? he ommittee was hea%e% by---i)r' M'$' Bhan%ariii)&hri @'$' /an%aiii)&hri M''&'$hala.ati aoi+)/one of these(g)>$ross selling in retail baning means----i)&elling .ro%# t ; ser+i es to an alrea%y existing #stomer or a non- om.etiti+e .ro%# t of ins#ran e ;ho#sing om.any for a ommission'ii)&elling of .ro%# ts of other .ri+ate se tor bans by .#bli se tor bansiii)&elling of m#t#al f#n%s of their asso iate ;s#bsi%iary on erni+)&elling of .ro%# ts thro#gh agents ;%ealers'(h)/on-s he%#le% #rban $o-o.erati+e Bans with /L of less than & 20 rore5 ha+e been ase% by B to maintain --- .er ent of &L re,#irement in*-se s'i)2: .er entii)3: .er entiii)1: .er enti+)/one of these'  (i)he n%ian Bans Asso iation (BA) has re ently s#ggeste% that loana..li ations in res.e t of loans #.to & 205:::;- to small borrowers sho#l% be%is.ose% of < i)Within one monthii)Within two weesiii)Within <one weesi+)Within 10 %ays08x.lain the #n%erlying rationale for the following .ra ti e ;.ro%#re being followe% by bans in n%ia (mention the legal .osition5 where a..li able)Cx2=16(a)Baners %#ty to maintain se re y %oes not ease e+en after #stomer loseshis a o#nt'(b)he baners right of lien is not barre% by law of limitation( )*arnishee or%er in the name of a firm will a..ly to in%i+i%#al a o#nts of  .artners also'(%)When a .erson is %e lare% as insol+ent5 o.erations in his a o#nt sho#l% besto..e% imme%iately' (e)Bans %o not insist on registration of .artnershi. firm while granting ana%+an e'(f)&ignat#re of exe #tant on loan %o #ments other than mortgage %ee% sho#l%not be atteste%'(g)Bans .refer to san tion bills .#r hase ;%is o#nting limits than ash re%it;o+er%raft limits'(h)Bans %o not a e.t whole life .oli ies as se #rity' SECTION III 0)8x.lain yo#r o#rse of a tion in the following sit#ations @o# may gi+e reasons for yo#r answer an% also ,#ote rele+ant se tions of law5 if any a..li able' 6x0=3:(a)@o# ha+e o.ene% a sa+ing Ban A o#nt5 ointly in the name of Mr' An% Mrs'$'D'Eariwala5 with instr# tions to .ay to >either or s#r+i+or' he a o#ntshows a re%it balan e of & 1051:: ; on --2::3' n the next %ay5 yo#re ei+e letter from M'Eariwala not to allow o.erations in the a o#nt by Mrs'Eariwala as the o#rt has .asse% a %e ree of %i+or e' 7e f#rther instr# ts yo#to .ay e+ery month & 3::;- to the o#rt as alimony for Mrs' Eariwala'(b)A he,#e has been iss#e% by a %ire tor of the A B F$ Lt%' he sai% he,#ewas ret#rne% by the ban with the en%orsement G.ayment sto..e% by the%rawer'he .ayee iss#e% noti e to the %ire tor #n%er /'' A t alling #.onhim to .ay the amo#nt of the he,#e within 10 %ays of the re ei.t of noti efailing whi h he will be .rose #te% as .er se tion 13C of /''A t' he %ire tor  hallenge% the .rose #tion on the .lea that the noti e iss#e% to him was in thein%i+i%#al a.a ity an% not ha+ing been iss#e% to the %rawer of the he,#e'( )he owners of a .lot of lan% too a loan from a Ban with the on%ition thatthey wo#l% let o#t the entire first an% se on% floor to the finan ing ban for r#nning a bran h thereat' he owners faile% to om.lete onstr# tion an%%eli+er .ossession to the Ban by the sti.#late% time' n the meantime5 they  ame to now that the .remises agree% to be let o#t to the ban5 o#l% be #se%only for resi%ential .#r.oses an% not for ommer ial .#r.oses as .er  .ro+isions of some lo al A t' As the owners faile% to get .ermission from thea#thorities for ommer ial #se of the .ro.erty in s.ite the bans re,#est? the ban re alle% the loan with interest' he owners ha+e hallenge% the re allingnoti e in a o#rt of law'(%)A ban *#arantee was iss#e% at the re,#est of one res.e table an% +al#e% lient of yo#r bran h in fa+o#r of one *o+t' om.any' ne %ay5 the sai% #stomer ame to now that the *o+t' $om.any was .lanning in in+oetheBan *#arantee' 7e faile% a s#it in the o#rt of law for staying the in+oingof g#arantee on the .lea that there were serio#s an% gen#ine %is.#tesregar%ing a o#nts between them' 7e f#rther state% that if the om.any is .ermitte% to en ash the Ban *#arantee' t wo#l% res#lt in hea+y loss to himthat annot be om.ensate% in terms of money' he *o+t' $om.any has hallenge% the .lea of the #stomer in the o#rt an% %eman%e% the g#arantee%money from the Ban'(e)A s#it was instit#te% by one Ban for re o+ery of an amo#nt of &' 11 la together with interest at 1 H .er ann#m with ,#arterly rests an% %ebite% tothe a; on monthly basis' he lower o#rt %e i%e% that om.o#n%ing of interest was not #stifie% an% %e ree% the s#it at the rate of 1 H sim.leinterest treating the agree% rate of interest as exorbitant' &ho#l% the Ban  .refer an a..eal against the %e ision of the lower o#rt an% if so on whatgro#n%s9(f)wo he,#es were iss#e% by a #stomer %ate% the 4 th  A.ril 1440 an% 3: th  A.ril14405 for a s#m totaling s' la 'he he,#es were .resente% for .ayment on10 th  May 14405 b#t were %ishono#re%' n Ean'14465 the %rawer of the he,#e hange% the %ate of the he,#es from 1440 to 1446 at the re,#est of the .ayeean% a%+ise% him to .resent the he,#es after a .erio% of 3 months' he he,#es were again .resente% on 1C th  E#ly 1446 an% were %ishono#re%' A legalnoti e %ate% the C th  A#g'1446 was ser+e% #.on the %rawer who .lea%e% that heha% been for e% to hange the %ates against his will' Moreo+er5 a he,#ewhi h has be ome stale be a#se of the ex.iry of the sti.#late% .erio% o#l%not be ma%e +ali% by alteration of %ates')Answer an #$!  of the following 3x1:=3:(a)es ribe briefly the f#n tions of the following instit#tions ex.laining howthey hel. in the e onomi %e+elo.ment of the o#ntry?-i)/ational Ban for Agri #lt#re an% #ral e+elo.mentii)/ational 7o#sing Ban'(b)is #ss in %etail the .ro+isions of &e tion 2 of the eser+e Ban of n%ia A tin regar% to G&tat#tory eser+eI'( )What .ro e%#re an% .re a#tions sho#l% a Baner obser+e in o.ening an%han%ling the following ty.es of a o#nts9i)$l#bs5 so ieties5 an% haritable instit#tions'ii)Limite% $om.anies
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