EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Where the goods under pledge are in the possession of the bank and possession is demanded by the Govt. for recovery of tax:

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Important Questions on Loan Policy and Loan Documentation

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 14
A trust receipt is:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 15
Hypothecation is defined in:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 16
The bailee in case of pledge of goods is known as _____ under the provisions of Section 172 of the Indian Contract Act:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 17
A bank sold shares pledged with it under an agreement that the bank can sell the shares without notice to the pledge. One of  the High Courts held the sale invalid because:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 18
On which of the following, the charge hypothecation cannot be created:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 19
When a loan is given by a bank on the security of railway receipt (RR) or goods receipt (GA) issued by a transport company, which type of charge is created?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 1
The mortgage has been defined U/s _____ of Transfer of Property Act:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 2
A borrowing customer of yours wants to create an equitable mortgage in favour of the bank. Which of the following is not true in the case of an equitable mortgage?