Bank Promotion Exam Guide

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Module: General Practice

Q38: When a bank provides a guarantee or indemnity, it acts as the:

A

Indemnitor

B

Indemnity Holder

C

Assignor

D

Assignee

✅ Correct Answer: A

Indemnitor.

The bank provides the indemnity.

This role carries financial risk, a concept analyzed in Banker Customer Relationship MCQs.

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