Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q2: Which legal framework primarily governs the Debtor-Creditor relationship?

A
Transfer of Property Act, 1882
B
Indian Contract Act, 1872
C
SARFAESI Act, 2002
D
Trust Law
✅ Correct Answer: B
Indian Contract Act, 1872.
Contract Law is one of the primary legal frameworks governing Debtor-Creditor relationships.
Understanding this act is vital for answering Banker Customer Relationship MCQs.