Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q6: Under which act is the Pledger-Pledgee relationship primarily governed?

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.
The Indian Contract Act, 1872, governs the Pledger-Pledgee relationship.
Note that this is distinct from Section 131 NI Act provisions often cited in Banker Customer Relationship MCQs.