MCQOPTIONS
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| 1. |
In the case of advances against fixed deposits receipts of the bank |
| A. | eposit represented by the receipt is assigned to the bank |
| B. | eposit receipt is pledged to the bank |
| C. | eposit receipt is hypothecated to the bank |
| D. | lien is created on the deposit receipts in favour of the bank |
| Answer» E. | |