Question

Which of the following statement(s) is/are untrue?
(A) Credit Guarantee Corporation of India was established in 19
(B) Mortgage refers to legal transfer of ownership of property from creditor to debtor.
(C) Muhammad Yunus was awarded Nobel Peace Prize in 2006 for founding the grameen bank.
(D) Capital strongly backs the third 'R' of credit.
Choose the correct answer from the options given below:

• A. (A) and (B) only.
• B. (C) and (D) only.
• C. (B) only.
• D. (A), (C) and (D) only.

Hint:

A mortgage secures a debt using immovable property. In contrast, hypothecation or pledge is used to secure loans using movable assets.

Answer 1

The Correct Option is C