Challenger App

No.1 PSC Learning App

1M+ Downloads
While granting loans against life insurance policy the charge should be

APledge

BLien

CSet off

DAssignment

Answer:

D. Assignment

Read Explanation:

Loans against life insurance policies are secured by assignment of the policy in favour of the bank.


Related Questions:

Which monetary function of RBI relates to printing and issuing currency notes?
A co-operative bank shall obtain the previous approval of RBI
An urban bank can sanction loan to a single borrower subject to a maximum of its tier-1 capital percent of
Which principle provides elasticity in money supply?
CIBIL stands for