Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q9: What is the role of the Hypothecatee in a hypothecation agreement?

A
The customer who provides security
B
The bank that receives the security
C
An insurance company
D
A legal advisor
✅ Correct Answer: B
The bank that receives the security.
The bank is the Hypothecatee.
This relationship is often verified during KYC Norms checks in the context of Banker Customer Relationship MCQs.