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When a manufacturer wants to borrow money on the security of raw materials or stock-inprocess which are in the process of being manufactured into finished products, bank prefers:
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Mortgage
When a manufacturer wants to borrow money on the security of raw materials or stock-inprocess which...
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asked
Feb 27, 2022
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Mortgage
by
DavidAnderson
When a manufacturer wants to borrow money on the security of raw materials or stock-inprocess which are in the process of being manufactured into finished products, bank prefers:
(A) Lien of goods.
(B) Hypothecation of goods.
(C) Pledge of goods.
mcq-questions-loans-and-advances
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answered
Feb 27, 2022
by
DavidAnderson
Correct answer is :-
(B) Hypothecation of goods.
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