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    5. What type of charge is registered when a loan is granted against the security of life insurance?

    Question

    What type of charge is registered when a loan is granted

    against the security of life insurance?
    A Fixed Charge Correct Answer Incorrect Answer
    B Floating Charge Correct Answer Incorrect Answer
    C Assignment Correct Answer Incorrect Answer
    D Pledge Correct Answer Incorrect Answer
    E Hypothecation Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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    Relevant for Exams:

    • PNB SO Credit Officer Scale 1

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