Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q7: In a mortgage agreement, who is the Mortgagor?

A
The bank
B
The customer
C
A third-party guarantor
D
The government
✅ Correct Answer: B
The customer.
The customer who mortgages their property is the Mortgagor.
Identifying the correct party is crucial in Banker Customer Relationship MCQs.