Question

Which of the following statements about Mortgage are not true? 1.    Under a mortgage, the legal ownership of the asset can be transferred to the lender if the borrower defaults on the loan amount 2.    The borrower continues to remain in possession of the property 3.    A mortgage is usually used for movable assets 4.    There is a government guarantee involved always.

A 1, 2, and 3
B 2, 3, 4
C only 4
D only 3 and 4
E None of the above
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RBI Grade B 2026 Phase 1 Memory Based Paper
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