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Banking Awareness · Q57

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 57

Q57

Hypothecation is:

A.
A transaction of conditional sale
B.
A legal transaction whereby goods may be made available as security for a debt
Answer
C.
Transfer of ownership by the borrower to the lender
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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