IN THE CASE OF ADVANCE AGAINST FIXED DEPOSIT RECEIPTS ISSUED BY BA...

15.

In the case of advance against fixed deposit receipts issued by banks:

(a) the deposit receipts are assigned to the bank

(b) the deposit receipts are hypothecated to the bank

(c) the deposit receipts are mortgaged to the bank

(d) a lien is credited in favour of the bank on the deposit receipts

(e) None of the above