BNK601 Banking Laws and Practice Notes, MCQs & Assignments | Query Point Official

BNK601 ||| Banking Laws and Practice

BNK601 – Banking Laws and Practice focuses on the legal framework governing banking operations. This course explains banking regulations, legal relationships, negotiable instruments, and the rights and duties of banks and customers.

Course Introduction

Banking Laws and Practice provides a comprehensive understanding of banking law principles. Students learn about the legal environment of banks, banking instruments, and dispute resolution related to banking transactions.

Course Learning Objectives

• Understand the legal structure of banking systems
• Learn rights and obligations of bankers and customers
• Study banking contracts and negotiable instruments
• Understand banking regulations and compliance
• Analyze banking disputes and legal remedies

Major Topics / Syllabus

• Introduction to Banking Laws
• Banker–Customer Relationship
• Types of Banks and Banking Functions
• Negotiable Instruments (Cheques, Bills, Promissory Notes)
• Crossing and Endorsement of Cheques
• Banker’s Lien and Right of Set-Off
• Loan Agreements and Securities
• Banking Ethics and Regulatory Framework
• Dishonor of Cheques and Legal Consequences
• Banking Disputes and Legal Remedies

Legal & Practical Focus

• Interpretation of banking laws
• Application of legal rules in banking practice
• Understanding banking documents
• Risk management and legal compliance
• Handling banking disputes

Practice Areas

• MCQs on banking laws
• Short questions on legal provisions
• Long questions on case-based scenarios
• Practical examples of banking transactions
• Legal problem-solving exercises

Exam Preparation Tips

• Understand key banking law definitions
• Memorize rights and duties of bankers
• Practice case-based questions
• Revise negotiable instruments carefully
• Solve past MCQs for exam readiness

BNK601 Banking Laws and Practice MCQs

BNK601 Banking Laws and Practice MCQs (click here)

BNK601 Banking Laws and Practice Questions

BNK601 Banking Laws and Practice All short and long questions (click here)

Assignment Questions

For Assignment Questions (click here)

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