Match the following Securities (A) with the nature of charges over Securities (B): Securities under Charge of Bank (A) Nature of Charge to be created on Securities (B) (1) Land and Building (a) Pledge/Hypothecation (2) L
CS Professional · Banking - Law & Practice · PYQS · December 2020
Match the following Securities (A) with the nature of charges over Securities (B): Securities under Charge of Bank (A) Nature of Charge to be created on Securities (B) (1) Land and Building (a) Pledge/Hypothecation (2) Life Policies (b) Mortgage (3) Stock (c) Lien (4) Shares (d) Assignment (5) Residential House/Flat (e) Assignment (6) FDR (f) Mortgage
Answer & Explanation:
Securities under Charge of Banks (A) Nature of Charges to be created on Securities (B) 1) Land and building Mortgage 2) Life policies Assignments 3) Stock Pledge/Hypothecation 4) Shares Lien/pledge (since possession with bank) 5) Residential house/Flat Mortgage 6) FDR Lien/and Set-off
Topics: Banking Operations
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