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In case of a LAP, a mortgage loan is created where a property is available to the bank as security against the loan, which is an appreciating asset. In case of vehicle loan, the mortgage is created on the vehicle but it being a depreciating asset, the risk of recovery in case of default is still high. In case of LAS, the security is a volatile asset (shares value can change substantially) while credit card is an unsecured personal loan where credit risk is high.
Who can be appointed as a Special Public Prosecutor as per CrPC?
Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
Which of the following is prohibited under the Foreign Exchange Management Act (FEMA), 1999?
Which section of the Insurance Act delas with the provision of alterations in the particulars furnished with application for registration to be reported?
When is a person said to abet the doing of a thing as per section 107 of IPC?
The notice period for termination of lease for residential purpose is_______, in absence of contract or usage to the contrary.
Under the Prevention of Money Laundering Act, 2002 (PMLA), what is the maximum imprisonment term for someone convicted of money laundering?
What is mandatory under the Act for the LLP to suffix as last words in its name?
Leading Questions can be asked during
Which of the following Articles of the Indian Constitution talks about right of a person against Ex post Facto Laws?
