A bank finances an agriculturist to buy a tractor. The loan is secured by: a) Hypothecation b)Mortgage c)Pledge d)Assignment of the tractor?

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lakshminarasimham mallareddi

by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct answer is a) Hypothecation if bank finances an agriculturist to buy a tractor.

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