Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q10: Which act is specifically relevant to hypothecation transactions?

A
Indian Contract Act, 1872
B
Transfer of Property Act, 1882
C
SARFAESI Act, 2002
D
Trust Law
✅ Correct Answer: C
SARFAESI Act, 2002.
The SARFAESI Act, 2002, is particularly relevant to hypothecation.
This act's applicability is a favorite topic in Banker Customer Relationship MCQs.