[Solved] Under Hypothecation charge

McqMate

Q.	Under Hypothecation charge
A.	The ownership and possession of goods are with Bank
B.	The ownership is with borrower but possession is with Bank
C.	The ownership and possession are with borrower
D.	The ownership is with Bank but possession with borrower
Answer» C. The ownership and possession are with borrower

676

0

Do you find this helpful?

1

View all MCQs in

Banking and Finance 3

Discussion

No comments yet

Related MCQs

Hypothecation is a mode of security provided in
The most risky charge from a banker’s point of view is ______?
A charge where there is neither the transfer of ownership nor the possession is called ______?
In the case of a joint stock co the registration of a charge is not required with registrar of companies for
RAM a transporter has been granted a loan for purchase of a truck. You will create which of the following charge.
In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56.
The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.
Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.
Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
Banks are required to maintain SLR under which act?