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Discussion :: Banking Awareness

  1. In the case of advances against fixed deposits receipts of the bank

  2. 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

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    Answer : Option D

    Explanation :

    Explanation Not Provided


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