Question

In the context of 'Charges on Securities', consider these statements: 1. In a Pledge, the bank has the right to sell the goods without a court order after giving due notice. 2. In Hypothecation, the bank is the constructive possessor of the goods. 3. Mortgage is a charge created specifically on movable property. Which of the statements above is/are correct? 

A 1 and 2 only
B 2 and 3 only
C 1 and 3 only
D 1, 2, and 3
E 1 only
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)