Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q20: Which legal framework is primarily involved in assignment scenarios?

A
Trust Law
B
Contract Law
C
Property Law
D
Succession Law
✅ Correct Answer: B
Contract Law.
Contract Law, along with the Transfer of Property Act, 1882, governs assignments.
This legal basis is foundational for Banker Customer Relationship MCQs.