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Tuesday, 2 August 2016

NMIMS Assignments: Contact us for answers at assignmentssolution@gmail.com

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Commercial Banking System and Role of RBI
Internal Assignment Applicable for September 2016 Examination
Assignment Marks: 30
Instructions:
  All Questions carry equal marks.
  All Questions are compulsory
  All  answers  to  be  explained  in  not  more  than 1000 words  for  question 1  and  2

 and  for
question  3  in  not  more  than  500  words  for  each  subsection.  Use  relevant 

examples,
illustrations as far as possible.
  All answers to be written individually. Discussion and group work is not advisable.
  Students  are  free  to  refer  to  any  books/reference  material/website/internet  for
attempting  their  assignments,  but  are  not  allowed  to  copy  the  matter  as  it  is 

from  the
source of reference.
  Students should write the assignment in their own words. Copying of assignments from
other students is not allowed
Q1. Ajay is elder brother of Vijay working at Hyderabad. Vijay staying at Kolkata wanted
Rs 20000/ urgently and requested his brother to send money. Ajay took DD for Rs 20000
from ICICI bank Hyderabad and sent the same by post to Vijay.
Vijay’s roommate Vijaykumar received the post, took the DD and deposited the same in
his account with CBI Kolkata. He withdrew the money and left the place.
When Vijay complained to his brother about the non receipt of DD, Ajay enquired with
ICICI bank and found that the DD has already been paid.
Discuss whose negligence resulted in this wrong payment and how Vijay will get back the
money.                    (10 Marks)
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Commercial Banking System and Role of RBI
Internal Assignment Applicable for September 2016 Examination
Q2:  Bankruptcy Bill passed, and banking stocks give thumbs up –Discuss  (10 Marks)
Q3a)  Mrs  Rani has presented a matured fixed deposit for payment. The receipt is in the
name of  Mrs.Rani. The bank did not make payment of the amount .On enquiry the bank
told that the husband of Mrs  Rani has taken a loan. They have retained the FDR proceeds
as security for that loan. Whether the banker is right in doing so? Please comment from the
angle of banker’s rights.               (5 marks)
Q3b)  In an organisation , the following figures are available.     (5 marks)
Trade debtors    80000
Trade creditors 50000
Average daily purchases    1000
Average daily sales    2000
Opening stock      Rs 16000.00
Purchase     Rs 1,10,000.00
Sales    Rs 1,44,000.00
Closing stock    Rs 8000.00
Q1. Calculate the Inventory turnover ratio?
Q2. Average credit enjoyed is-----------------days
Q3. Average credit allowed is ------------------days.
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