What do you understand by the term ‘Mortgage’?
A. Registration of charge with the Registrar of Companies
B. Making the security of immovable property available as a cover for a home loan by the borrower.
C. Sale of moveable security in the event of default by the borrower
D. Registration of charge with the Regional Transport Authority
Answer: Option B
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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