New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A mortgage which is not a simple mortgage, a mortgage

    by conditional sale, an usufructuary mortgage, an English mortgage or a mortgage by deposit of title-deeds within the meaning of this section is :
    A Not a mortgage Correct Answer Incorrect Answer
    B Not a valid or recognised mortgage as per Transfer of Property Act, 1882. Correct Answer Incorrect Answer
    C Miscellaneous mortgage Correct Answer Incorrect Answer
    D Anomalous mortgage. Correct Answer Incorrect Answer

    Solution

    S.58 (g) Anomalous mortgage.—A mortgage which is not a simple mortgage, a mortgage by conditional sale, an usufructuary mortgage, an English mortgage or a mortgage by deposit of title-deeds within the meaning of this section is called an anomalous mortgage.

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