📊 Banking and Finance 3
Q. Which of the following is not a security interest:
  • (A) Any mortgage, charge, hypothecation, assignment or any right, title or interest of any kind, on tangible asset, retained by the secured creditor as an owner of the property, given on hire or financial lease or conditional sale or under any other contract.
  • (B) Such right, title or interest in any intangible asset or assignment or license of such intangible asset which secures the obligation to pay any unpaid portion of the purchase price of the intangible asset or the obligation incurred or any credit provided to enable the borrower to acquire the intangible asset or license of intangible asset
  • (C) A lien on any goods, money or security given by or under the Indian Contracts Act, 1872 or the Sale of Goods Act, 1930 or any other law for the time being in force
  • (D) Lien of goods, pledge of movables, security interest of less than Rs. One Lakh
💬 Discuss
✅ Correct Answer: (C) A lien on any goods, money or security given by or under the Indian Contracts Act, 1872 or the Sale of Goods Act, 1930 or any other law for the time being in force

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. In case of collection of cheques and bills, the relationship of the banker with the customer is that of

Q. The litigants are always interested in substantive justice and not procedural justice.

Q. FHA mortgages and VA mortgages are conventional mortgages.

Q. Which of the following is a borrowing facility/loan advance _____?

Q. Who shall be responsible for furnishing information on modification and satisfaction of security interest:

Q. In Negotiable Instruments Act 1881, which section defines promissory note?

Q. The paying banker should pay the cheque when there is restriction imposed on the payment by the drawer or by the law.

Q. Bankers undertake the duty of collection of cheques and bills because......

Q. The award made by the Lok Adalat is deemed to be a decree of the civil court like arbitration Award.

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

📱 Download Our App

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

Get it on Google Play

📊 Question Analytics

👁️
300
Total Visits
📽️
3 y ago
Published
🎖️
Mr. Dubey
Publisher
📈
81%
Success Rate