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  9. Q110

IBPS PO 2011 · Question 110 of 237

Mortgage is a

  1. Asecurity on movable property for a loan given by a bank.
  2. Bsecurity on movable property for loan given by bank.Correct
  3. Cconcession on immovable property for a loan given by a bank
  4. Dfacility on immovable property for a loan given by a bank
  5. Esecurity on immovable property for a deposite received by a loan

Answer: B. security on movable property for loan given by bank.

Official answer key verified. Detailed explanation coming soon.

Source: IBPS Common Written Exam PO/MT September 2011 (exampapers247 PDF compilation) · reliable-secondary

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