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  • The charge created in favour of the banker by the custome...
Multiple choice

The charge created in favour of the banker by the customer in case of movable goods handed over to the banker is called

  1. pledge

  2. hypothecation

  3. mortgage

  4. lien

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A Correct answer
Explanation

 The charge created in favour of the banker by the customer in case of movable goods handed over to the banker is called pledge.

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