Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q40: Which law is most relevant to the concept of Indemnity in banking transactions?

A
Trust Law
B
Contract Law
C
Property Law
D
Succession Law
✅ Correct Answer: B
Contract Law.
Contract Law governs indemnity agreements.
This links the legal theory to practice in Banker Customer Relationship MCQs.