In the case of advances against fixed deposits receipts of the bank
A. deposit represented by the receipt is assigned to the bank
B. deposit receipt is pledged to the bank
C. deposit receipt is hypothecated to the bank
D. A lien is created on the deposit receipts in favour of the bank
Answer: Option D
Related Questions on Banking Awareness miscellaneous
A. Bombay Stock Exchange
B. Delhi Stock Exchange
C. Calcutta Stock Exchange
D. Bangalore Stock Exchange
Which of the following is not a function of General Insurance?
A. Cattle Insurance
B. Crop Insurance
C. Fire Insurance
D. Medical Insurance
Liability- side of the balance-sheet comprises:
A. Capital and reserve
B. Long-term liabilities
C. Current liabilities
D. All of the above
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