📊 Banking and Finance 3
Q. What is pledge:
  • (A) The bailment of goods as security for payment of a debt or performance of a promise
  • (B) The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them
  • (C) A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
  • (D) A contract to do or not to do something, if some event, collateral to such contract, does or does not happen
💬 Discuss
✅ Correct Answer: (A) The bailment of goods as security for payment of a debt or performance of a promise

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. The best answer for returning a cheque for want of funds in the account is.........

Q. It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current

Q. In Shakuntla Sawhney v. Kaushalaya Sawhney,[(1979) 3 SCR 232]the Supreme Court has observed that “Finest hour of justice is the hour of compromise when parties after burying the hatchet, re-unite by a reasonable and just compromise” Whether this principle has been reflected in the ADR procedures mentioned in the Arbitration and Conciliation Act 1996?

Q. In executing the standing instructions, there exists a relationship of......

Q. The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally.

Q. In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.

Q. Which is India's first Payment bank?

Q. The right of set-off customers account can be exercised only by a-----

Q. On which rate bases, overnight money is needed by bank from RBI?

Q. As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play

📊 Question Analytics

👁️
850
Total Visits
📽️
3 y ago
Published
🎖️
Mr. Dubey
Publisher
📈
80%
Success Rate