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    Question

    Which of the following is not correct about

    ‘Hypothecation’?
    A Without giving up ownership rights, asset is pledged as collateral to secure a loan by a debtor Correct Answer Incorrect Answer
    B It includes movable assets Correct Answer Incorrect Answer
    C Gold/Jewellery loans is a type of hypothecation Correct Answer Incorrect Answer
    D It is defined under SARFAESI Act, 2002 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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